Annual results at a glance

Lloyd’s returned to a pre-tax profit of £2.5bn in 2019, representing an improvement of £3.5bn on the previous year, and delivered an 8.8% return on capital. Lloyd’s positive result is underpinned by strong performance across investments, alongside sustained rate increases and improving underwriting discipline.

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Key statistics

Lloyd’s excellent financial strength gives our customers confidence in our ability to provide support when it is needed most.


Combined ratio


Investment return


Profit before tax


Gross written premium


Pre-tax return on capital


Net resources

Market results

Lloyd’s is in a strong position to respond to the impacts of COVID-19 and support its customers and business partners, following the publication of its 2019 annual results. In 2019, Lloyd’s net resources increased by 8.6% to £30.6bn, reflecting an exceptionally strong balance sheet and a central solvency ratio of 238%. The exceptional strength of the market’s balance sheet has been further bolstered by Lloyd’s return to a profit of £2.5bn (2018: loss of £1.0bn) in 2019.

Combined ratio (%)

Gross written premium (£m)

Central assets (£m)

Result before tax (£m)

Net resources (£m)

Annual results 2019

Our CEO John Neal and CFO Burkhard Keese present the 2019 annual results.

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