Notes to editors
- The Lloyd’s 2021 half-year results report is available at: lloyds.com/halfyearresults2021
- The Corporation committed a £15m package of support for charitable organisations responding to the pandemic.
- A combined ratio is a measure of an insurer’s underwriting profitability based on the ratio of net incurred claims plus net operating expenses to net earned premiums. A combined ratio of 100% is break even (before taking into account investment returns). A ratio less than 100% is an underwriting profit.
- Central assets include the assets of the Central Fund and the other assets of the Corporation. In aggregate, the value of Lloyd’s central assets amounted to £3.1bn at 30 June 2021 (December 2020: £3.0bn). The Society financial statements are drawn up under IFRS (adopted pursuant to Regulation (EC) No. 1606/2002 as it applies in the European Union).
- Lloyd’s strong financial strength ratings are A+ (Strong) stable outlook with Standard & Poor’s, A (Excellent) stable outlook with A.M. Best, AA- (Very Strong) with Fitch Ratings and AA- from Kroll Bond Rating Agency.
- Members’ resources operate on a several basis and are only available to meet each member’s share of claims. Central assets are available at the Council’s discretion to meet the liabilities of any member on a mutual basis.
- Foreign exchange rates may materially fluctuate from the rates prevailing at 30 June 2021 (£1 = US$1.38, £1 = €1.16). Premiums, claims and investment income are translated at the average exchange rate for the period to 31 December 2020 (£1 = US$1.39, £1 = €1.15.
- For further detail on any forward-looking statements please refer to the 2021 Half Year Results
- Blueprint Two is the second phase of Lloyd’s Future at Lloyd’s strategy and details the digital-led change and execution plan which will transform the way in which Lloyd’s operates. To read the full Blueprint Two report visit our Future at Lloyd’s hub here: https://futureat.lloyds.com/
Enquiries to:
UK:
+44 (0) 20 7327 5111 | pressoffice@lloyds.com
+44 (0) 20 7327 5391 | annie.roberts@lloyds.com
Americas:
+44 (0) 20 7327 5111 | nathan.hambrookskinner@lloyds.com
EMEA:
+44 (0) 20 7327 5721 | elliot.maule@lloyds.com
APAC:
+65 6870 9227 | suganthy.selva@lloyds.com
About Lloyd’s
Lloyd’s is the world’s leading insurance and reinsurance marketplace. Through the collective intelligence and risk-sharing expertise of the market’s underwriters and brokers, Lloyd’s helps to create a braver world.
The Lloyd’s market provides the leadership and insight to anticipate and understand risk, and the knowledge to develop relevant, new and innovative forms of insurance for customers globally.
It offers the efficiencies of shared resources and services in a marketplace that covers and shares risks from more than 200 territories, in any industry, at any scale.
And it promises a trusted, enduring partnership built on the confidence that Lloyd’s protects what matters most: helping people, businesses and communities to recover in times of need.
Lloyd’s began with a few courageous entrepreneurs in a coffeeshop. Three centuries later, the Lloyd’s market continues that proud tradition, sharing risk in order to protect, build resilience and inspire courage everywhere.