May 13th, 2009

Chart: Lloyd’s Income Statement Summary 2007 - 2008

Posted at 12:59 AM ET


Lloyd’s reported a pre-tax profit of GBP1.9 billion (USD3.5 billion) for 2008, half the figure of the previous year but still the third best result in the market’s history. This lower profit reflected weakening market conditions, an increase in catastrophe events after a period of unusually low claims, and exceptionally challenging financial conditions.

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