Lloyd’s posts a £3.2bn profit for 2014

01 April 2015

Detailed below is an overview of the Lloyd's 2014 Financial Results.

  •          Lloyd’s is pleased to report a £3.2bn profit for 2014, with a return on capital of 14.7%.  These are strong results, achieved against a backdrop of challenging conditions – abundance of capital, low interest rates, global challenges. 
  •          With a combined ratio of 88.1%, the market paid out nearly £10 billion in claims in 2014. Lloyd’s continues to outperform its competitor group and has seen a return on capital of 11% over the last five years. 
  •          Lloyd’s financial strength ratings remain strong with Lloyd’s rated AA- (very strong) with Fitch, A+ (strong) with Standard & Poor’s and A (excellent) with A.M. Best.  Lloyd’s is currently on positive outlook with A. M. Best. 
  •          Lloyd’s Chain of Security, which provides excellent financial security to all our policyholders, is stronger than ever.  Lloyd’s capital and reserves remain robust and have increased by 11.2% to £23.5bn (2013: £21.1bn).  
  •          Lloyd’s is proud of its extensive suite of global trading rights and licences and values highly its good reputation with international regulators around the world.  Lloyd’s is completely committed to ensuring that it meets all regulatory expectations in this rapidly changing regulatory environment, whilst it continues to explore opportunities to develop new licences in jurisdictions where Lloyd’s expertise and capacity can add significant value to local markets and economies.


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