News Regional19 Sep 2019

1H2019 Results:Lloyd's records $3bn profit before tax

19 Sep 2019

Lloyd's pre-tax profit for the first six months of 2019 has jumped to GBP2.3bn ($3bn) from GBP0.6bn in June 2018. The increased profit was underpinned by a combined ratio of 98.8% and investment income of GBP2.3bn as the market benefitted from unrealised gains due to lower US and UK bond yields as well as robust returns from equities.

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