Annual Results 2020
Lloyd's has announced its Annual Results for the period ending 31 December 2020 on 31 March 2021
Annual Results 2020
Key figures
£35.5bn
Gross written premium
97.0%
Combined ratio (ex-COVID-19)
5.1%
Improvement in combined ratio (ex-COVID-19)
10.8%
Risk adjusted rate increases
£21.4bn
Gross claims paid
£6.2bn
Gross COVID-19 claims forecast
£2.3bn
Net investment income
£33.9bn
Net resources
209%
Central solvency ratio
Chief Executive statement
Lloyd’s can be proud of the strength and resilience it has demonstrated in the face of the COVID-19 pandemic.
Chairman statement
Lloyd’s has shown it can withstand the effects of an unexpected and unprecedented disaster.
Our year in review
Lloyd’s delivered a number of key successes during 2020 across all three strategic priorities, despite the impact of COVID-19.
At a glance
Having embarked on a three-year journey to improve underwriting performance, Lloyd’s 2020 results demonstrate solid year-on-year progress.
Press release
Lloyd’s has announced an aggregated market loss of £0.9bn for 2020 (2019: £2.5bn profit), due to net COVID-19 losses of £3.4bn after reinsurance recoveries. Read the press release for more information.
Lloyd’s 2020 Full Year Results
Lloyd’s Chief Financial Officer, Burkhard Keese, talks us through Lloyd’s 2020 Full Year Results.