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.