Lloyd's announced its Full Year results for the year ending 31 December 2023 on 28 March 2024.
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Download presentationKey figures
£52.1bn
Gross written premium
84.0%
Combined ratio
£10.7bn
Profit before tax
34.4%
Expense ratio
25.3%
Return on capital
80.5%
Underlying combined ratio
48.3%
Attritional loss ratio
£5.9bn
Underwriting profit
£5.3bn
Investment return
503%
Central solvency coverage ratio
207%
Market-wide solvency coverage ratio
£45.3bn
Total capital, reserves and subordinated loan notes
Statements
Chairman's statement
“Our purpose at Lloyd’s is to share risk to create a braver world. By providing leadership, investing in innovation and delivering a very strong financial performance, the market is well positioned to continue delivering that mission in the years ahead.”
Chief Executive's statement
“Our results reflect an uncompromising focus on executing our strategy and delivering consistent profitable performance to enhance the value, relevance and long term sustainability of Lloyd’s."
Chief Financial Officer's statement
“2023 was an outstanding year for the Lloyd’s market with continued sustainable profitable growth underpinned by a strong balance sheet. This resilience continues to give us and our stakeholders confidence.”