H1 gross written premium 30.6 bln pounds, up 6.5% forex adjusted (Il Sole 24 Ore Radiocor) - London, 05 Sep - Lloyds Of London, the London-based marketplace for insurance and reinsurance also known as Lloyd's, said that in the first six months of 2024 profit before tax rose to 4.9 billion pounds from 3.9 billion a year earlier.

Underwriting profit grew to 3.1 billion pounds from 2.5 billion.

Gross written premium increased 6.5% to 30.6 billion pounds excluding foreign exchange movements, driven by volume growth, up 5.0%, and price increases, up 1.5%.

The combined ratio improved to 83.7% from 85.2% and was the best interim result since 2007. The underlying combined ratio improved to 80.6% from 81.6%.

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(RADIOCOR) 05-09-24 11:37:18 (0258) 5 NNNN