Lloyd's announced its Full Year results for the period ending 31 December 2021 on 24 March 2022.
Key figures
£39.2bn
Gross written premiums
£2.3bn
Profit before tax
£1.7bn
Underwriting profit
93.5%
Combined ratio
82.3%
Underlying combined ratio
48.9%
Attritional loss ratio
£0.9bn
Net investment income
£36.6bn
Net resources
388%
Central solvency ratio
Chairman statement
No longer can we view our interests and risks in isolation to others – we must see them as an interwoven web of interests, dependencies and impacts. This idea underpins our market’s work to help society manage and mitigate risk, and is the driving principle behind our purpose.
Chief Executive statement
We are currently living through a period of heightened risk, not seen or experienced for 75 years. Insurance has a critical role to play. Lloyd’s is the only global marketplace for insurance and reinsurance: enabling business to flow, supporting the interconnectedness of international trade, and providing organisations with the confidence to make decisions needed to thrive in a volatile world.
Press release
Lloyd’s today announced a strong return to profitability in its 2021 full year financial results, with an overall profit of £2.3bn (2020: £0.9bn loss) and a combined ratio of 93.5% (2020: 110.3%) – the best quality result reported for six years.