📢 Today we have announced another year of outstanding financial performance, with a superb combined ratio, underlying combined ratio and attritional loss ratio supporting a capital position and claims reserve strength that is as strong as it has ever been. This excellent result demonstrates the market's ability to deliver sustainable and attractive returns for investors, and provide solutions to protect our customers' balance sheets. ✅ Gross written premium of £55.5bn (2023: £52.1bn) ✅ Underwriting result of £5.3bn (2023: £5.9bn) ✅ Combined ratio of 86.9% (2023: 84.0%) ✅ Underlying combined ratio of 79.1% (2023: 80.5%) ✅ Profit before tax of £9.6bn (2023: £10.7bn) ✅ Attritional loss ratio of 47.1% (2023: 48.3%) ✅ Investment return of £4.9bn (2023: £5.3bn) ✅ Total capital, reserves and subordinated loan notes of £47.1bn (2023: £45.3bn) ✅ Central solvency ratio of 435% (2023: 503%) The full annual report is available on https://lnkd.in/eQ-sFuyz #FinancialResults #UnderwritingResult #InvestmentReturn
It's alarming to see Lloyd's of London prioritize profit over the planet by supporting fossil fuel projects. As climate chaos impacts millions, this choice contributes to the crisis. Young people discern this contradiction, and we refuse to align with those risking our future for immediate profits. #ClimateAction
Well done
Sea-level rise, heatwaves, and severe storms are affecting millions now. Despite this, Lloyd's insures industries driving these crises, profiting from others' hardships. Young generations are aware and choose not to support companies that prioritize profit over our planet's future.
Congratulations on another solid year.
Another set of great results. Well done.
Sea levels rising, heatwaves turning deadly, and catastrophic storms are not distant threats but harsh realities for countless people. Yet, Lloyd’s still supports industries driving these calamities, profiting as others bear the brunt. Young generations notice and choose not to work for firms prioritizing profit over the planet.
Lloyd’s thriving finances come from underwriting climate damage. As profits rise, global communities face disasters exacerbated by these policies. Supporting fossil fuel expansion isn’t just careless; it’s unethical profiteering at the cost of future generations.
Congrats!
Rising seas, severe heatwaves, and catastrophic storms aren't distant fears—they're harsh realities for countless people. Yet, Lloyd’s keeps insuring industries driving these crises, profiting as others suffer. We're aware, and young professionals are choosing not to join companies that prioritize profit over the earth.
Consultant et formateur indépendant, PhD
2wThe future is bright for companies choosing solutions over destruction. Will Lloyd’s turn over a new leaf or stay the poster child for profit-first climate damage? 🤔 #ClimateChange #Sustainability #FutureOfBusiness