Lloyd’s reports £5.9bn underwriting profit for 2023
Lloyd’s has revealed the market achieved a £5.9bn underwriting profit in 2023 ahead of the publication of its full-year results later this month.
The underwriting result in more than double the £2.6bn profit the Lloyd’s market made in 2022, and was achieved off the back of a combined ratio of 84%, compared with 91.9% a year prior.
It means the
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