Full Year Results 2010
Lloyd's reported a profit of £2.2 billion and combined ratio of 93.3%
- The reduction in profits reflects the increase in catastrophe related claims, particularly the Chilean earthquake in February and the prevailing low interest rate environment.
- Gross premium income remained steady at £22,592m (2009: £21,973m) as Lloyd’s strong ratings and licence network brought more opportunities balanced against slightly softening market conditions.
- Central assets at record level of £2,377m (2009: £2,084m) following significant recoveries from insolvent members as legacy issues are resolved.