Lloyd's of London: preliminary 2022 results

Lloyd's of London has released its preliminary results for the financial year 2022. The London insurance and reinsurance giant has ended the past year, all activities included, with a 19% increase in its turnover to 46 billion GBP (55.5 billion USD).

Despite the major claims linked to the Russian-Ukrainian conflict and to natural catastrophes, the combined ratio has improved by 1.6 points to stand at 91.9%.

The British insurer has posted a pre-tax loss of 800 million GBP (964.7 million USD) as at 31 December 2022 against a pre-tax profit of 2.3 billion GBP (3.1 billion USD) in 2021. This deficit was the result of a loss on investment amounting to 3 billion GBP (3.6 billion USD).

Lloyd's final results will be published on 23 March 2023.