Lloyd’s posts £900m profit plunge in 'undeniably tougher' market
Lloyd’s has reported a drop in pre-tax profit to £2.1bn for 2015, from £3bn the previous year.
Investment returns and the underwriting result also fell, from £1bn to £400m and £2.3bn to £2bn respectively. There was also a drop in return on capital from 14.1% to 9.1%.
In a statement, Lloyd's
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