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Lloyd's returns to profit with 'strongest' half-year result in five years

Richard Ward

Lloyd's of London is back in the black after posting a profit of £1.53bn during the first half of 2012 compared with a loss of £697m in the same period last year.

The combined ratio improved to 88.7%, down from 113.3% at half year 2011.

Investment return rose 13% to £619m (H1 2011: £548m) last year, and central assets were £2.4bn (2011: £2.5bn). Net incurred

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