​​​
  1. Lloyd’s reports $4.9 bn profit for 2014

Lloyd’s reports $4.9 bn profit for 2014

Lloyd’s on Thursday announced a pre-tax profit of USD 4.9 billion (£3.2billion), with a return on capital of 14.7%.

By: | Published: March 26, 2015 4:22 PM
lloyd's, lloyd's profit, lloyd's of london, lloyd's of london insurance Lloyd’s on Thursday announced a pre-tax profit of USD 4.9 billion (£3.2billion), with a return on capital of 14.7%. (Reuters)

Lloyd’s, the world’s specialist insurance and reinsurance market, on Thursday announced a pre-tax profit of USD 4.9 billion (£3.2billion), with a return on capital of 14.7%.

The profit was driven by a relatively benign year for major natural catastrophes, favourable prior year development, and an improved investment return.

The company outperformed their competitor group with a combined ratio of 88.1%, as compared to their average of 93.1%.

Lloyd’s CEO, Inga Beale, said, “This is a strong set of results for Lloyd’s, despite challenging market conditions. The robust performance of the market in 2014 reflects a collective achievement, of which we should be proud.”

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top