, APAC
/Freepik

Underwriting profits drive Lloyd's earnings surge of 25.6% YoY

The market’s combined ratio improved to 83.7%.

Lloyd's first half of 2024 (H1 2024) pre-tax profit surged 25.6% year-on-year to $6.48b (£4.9b), thanks to a higher increase in underwriting profit, which rose to $4.09b (£3.1b), up 24.0% YoY.

Gross written premiums grew by 6.5% YoY, reaching $40.39b (£30.6b), driven by a combination of volume growth and price increases.

The market’s combined ratio improved to 83.7%, its best interim result since 2007, reflecting enhanced operational efficiency. The investment return also saw growth, rising to $2.77b (£2.1b) from $2.38b (£1.8b), primarily due to strong fixed-income returns and equity market performance.

($1.00 = £0.76)

Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Filipino gamers hold promise for FWD
The insurer plans to support other games and aspects of the gaming ecosystem beyond esports.