Lloyd's records £3.8bn profit
Lloyd's has recorded a profit of £3.8bn for 2007. Profit before tax was £3.846bn compared to £3.662bn in 2006. The market's combined ratio was 84% (2006: 83.1%).
Lloyd's said in a statement that it believed its combined ratio compared favourably with an estimated average of 93.8% for US property and casualty insurers; 94.7% for US reinsurers; 96.0% for
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