AIR+11 Sep 2020

Lloyd's sees mild loss in first half of 2020, but improvement in combined ratio

| 11 Sep 2020

Lloyd's announced a loss of GBP 0.4bn (pre-tax) for the first six months of 2020, driven by GBP 2.4bn in COVID-19 losses contributing 18.7% to the market's combined ratio of 110.4%. Excluding COVID-19 claims, the market's combined ratio has shown substantial improvement at 91.7%, down from 98.8% in 1H 2019.

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