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Half Year Results 2026

Market performance

The Lloyd’s market delivers a solid first half performance with gross written premium of £34.7bn and a combined ratio of 90.8% 

Half Year 2026 financial highlights

The Lloyd’s market delivers a solid first half performance, despite softening rate environment and rising geopolitical tensions and remains on track to deliver the full-year results previously guided.

£34.7bn gross written premium
90.8% combined ratio
£1.8bn investment return
£3.5bn profit before tax

Strong balance sheet

503% central solvency ratio
199% market-wide solvency ratio
£48.4bn total capital
21.6% return on capital

Financial strength ratings

A+ AM Best
AA- Fitch Ratings
AA- Kroll Bond Rating Agency
AA- S&P Global

The Lloyd’s market delivered a solid aggregate set of results for the six months ended 30 June 2026. But strong performance and high risk are far from mutually exclusive. Underwriting discipline and innovation are the keys to maintaining outperformance and quality of earnings.

Patrick Tiernan, Chief Executive
Read Patrick's full statement here