Lloyd’s delivered a 2021 financial performance that CEO John Neal described as “a strong set of results”. 

  • £2.3bn pre-tax profit (2020: £0.9bn loss)
  • 93.5% combined ratio (2020: 110.3%)
  • £39.2bn gross written premium (2020: £35.5bn)
  • 10.9% risk adjusted rate change achieved over the year
  • 3.0% point improvement in the attritional loss ratio
  • 1.7% point improvement in the expense ratio

Improvements were recorded in nearly all facets of the market; increased premium, increased profit, improved attritional loss ratio and expense ratio.  The central solvency ratio has also improved from 209% in 2020 to 388% for 2021 enabling Lloyd’s to face the challenges of trading with confidence.

We will be writing to our clients with further details of the Lloyd's 2021 results.