Lloyd's posts £2.3bn first-half profit driven by investment income
Lloyd’s recorded pre-tax profits of £2.3bn in the first six months of 2019, with strong investment returns offsetting a year-on-year deterioration in underwriting profitability.
The market’s combined ratio crept to 98.8% in the first half from 95.5% at same point of last year, despite headway being made on reducing operating expenses on Lime Street
Its expense ratio saw a 1
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