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CEO Beale hails 'strong' result despite flat Lloyd's profit of £3.2bn

Inga Beale
Inga Beale says results are strong

Lloyd's has posted a pre-tax profit of £3.2bn for 2014 in what CEO Inga Beale has described as a "strong set of results" for the specialist insurance market.

The £3.2bn figure was unchanged from 2013 while there was an increase in combined ratio to 88.1% from 86.8% the previous year.

Lloyd's said that this figure meant the market was still outpeforming its

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