Lloyd's H1 profit drops 28% in ‘intensely' competitive environment
Lloyd's has announced a decreased first half profit of £1.19bn (H1 2014: £1.65bn) alongside a deteriorated combined operating ratio of 89.5% (H1 2014: 87.4%).
Gross written premiums for the period were £15.51bn (H1 2014: £14.48bn).
Lloyd's recorded a net resource of £22.84bn and a return on capital of 10.7% (H1 2014: 16.3%).
Gross claims paid for the period
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