Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, has announced strong financial results for 2022. Profitable growth in the market continued on the back of an increase in gross written premiums of 19% to £46 billion, representing 4% growth in premium volume.
The underwriting profit was £2.6 billion and ended with a combined ratio of 91.9%, improving by 1.6 percentage points. Lloyd’s capital position and solvency continued to strengthen with a core solvency ratio and market-wide solvency ratio of 412% and 177% respectively.
Net resources were maintained at £40.2 billion despite investment losses, underlining the exceptional strength and resilience of Lloyd’s balance sheet. Full details can be found at Lloyd’s reports strong profitable growth in 2022 results – Lloyd’s (lloyds.com)
