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BRIEF-Lloyd's of London posts H1 pretax profit of 1.22 bln stg
September 28, 2017 / 6:11 AM / 21 days ago

BRIEF-Lloyd's of London posts H1 pretax profit of 1.22 bln stg

Sept 28 (Reuters) -

* Lloyd‘s, specialist insurance and reinsurance market, today announced a profit of 1.22 billion pounds for the first half of 2017.

* Lloyd’s also reported a reduction in combined ratio to 96.9 percent.

* Lloyd’s says investment return was 1.5 percent, versus 1.8 percent in June, 2016.

* Lloyd’s says return on capital 8.9 percent versus 11.7 percent a year ago.

* Lloyd’s says these figures do not take into account recent storms faced by Caribbean and the United States.

* Lloyd’s says despite continuing pressure on pricing from excess capital and low interest rates, development of new products has seen an increase in volumes. Source text for Eikon: Further company coverage: [ ] (Reporting By Simon Jessop)

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