Lloyd’s of London Posts Profit After Two Years of Losses
- Pre-tax profit was 2.3 billion pounds in first six months
- Gross written premiums rose versus the year earlier period
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Lloyd’s of London, the world’s biggest insurance market, returned to profit in the first half after two full-year losses.
The more than 300-year-old corporation made a profit before tax of 2.3 billion pounds ($2.9 billion) in the first six months of 2019, the company said in a statement on Wednesday. The period was the best half year since at least 2014.