Operating highlights
- 2017 has been an incredibly tough year for the Lloyd’s market but our excellent capital strength demonstrates that Lloyd’s remains in robust financial shape, going into 2018 in a strong and secure position.
- The Lloyd’s market paid out £18.3bn of gross claims in 2017 and has been more than able to meet these substantial commitments without any significant impact on our total resources, which remain strong at £27.6bn.
Key figures
(£2,001m)
Loss before tax
£33,591m
Gross written premium
114.0%
Combined ratio
£1,800m
Investment return
(7.3%)
Pre-tax return on capital
£27,560m
Net resources
* The underwriting result is a metric that is consistently used to analyse financial performance in the Lloyd’s Market Results and/or in the Society Report. This metric (wherever used in this Annual Report) is an Alternative Performance Measure (APM), with further information available on page 174 of the full Annual Report 2017.
* The combined ratio is a metric that is consistently used to analyse financial performance in the Lloyd’s Market Results and/or in the Society Report. This metric (wherever used in this Annual Report) is an Alternative Performance Measure (APM), with further information available on page 174 of the full Annual Report 2017.
