Lloyd’s revealed an underwriting profit of £5.3bn ($6.8bn) for 2024, down 10% on 2023 amid higher hurricane losses, as CFO Burkhard Keese said an underlying combined ratio of less than 80% gave it “leeway”.
The
Lloyd’s reports 6.5% GWP growth in 2024
While market underwriting profit slipped 10%, the underlying combined ratio was under 80%.