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Lloyd's results show first half year profit halved to £628m

Richard Ward

Lloyd’s this morning reported that its half year profit before tax had fallen significantly to £628m (June 2009 £1.32 bn) in 2010.

It also recorded a combined ratio of 98.7% (June 2009 91.6%) and an investment return of £597m (June 2009 £708m) for the first six months to June 2010. The market has central assets of £2.23 bn (June

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