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Full Year Results 2010

Lloyd's reported a profit of £2.2 billion and combined ratio of 93.3%

Operating highlights

  • 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.