The global insurance marketplace made £4.9 billion in the six months to the end of June, up by £1 billion. Gross written premiums reached £30.6 billion, up from £29.3 billion.
That came even after major payout events, including the Baltimore Bridge collapse in March.
A key industry measure, the combined ratio, hit 83.7%. It measures underlying profitability by tracking payouts and expenses compared with premiums. It is the best level since 2007 at the marketplace for protection from everything from hurricanes to cyber attacks.
John Neal, chief executive, called it an “industry leading performance”, adding: “Our focus in the first half of 2024 remained on supporting a profitable marketplace that delivers sustainable and attractive returns for our investors, at a time when Lloyd’s global insurance premiums are growing at more than twice the rate of GDP.”
Denne historien er fra September 05, 2024-utgaven av Evening Standard.
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Denne historien er fra September 05, 2024-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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