Results

Lloyd’s 2025 Insights Report Highlights Strong Performance and Investor Appeal

Insurance Capital Markets Research (ICMR) and the Lloyd’s Market Association (LMA) have released their 2nd annual report, the Lloyd’s 2025 Insights Report, providing a detailed analysis of Lloyd’s and syndicates’ 31/12/2024 year end results. The report reveals that Lloyd’s continues to deliver highly favourable returns to investors, with profits just shy of the previous year’s record, driven by favourable trading conditions and a return to more normal investment valuations. Despite major claims activity in 2024, including two US hurricanes, almost all individual syndicates reported an underwriting profit.

ICMR suggests a sub-90% combined ratio for Lloyd’s based on ‘RISX’

Using the reported data of the RISX index constituents ICMR forecasts Lloyd’s will continue outstanding performance

The LMA and ICMR release Insights Report on Lloyd’s record-breaking 2023 results

The Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR) publish a detailed analysis and comment on the Lloyd's results

Lloyd's 2023 results exceeds cost of capital

It is the first time in the last decade that Lloyd’s has, in the aggregate, exceeded its estimated weighted average cost of capital (WACC)

The best reinsurance underwriters to follow? It’s all in the data

Building a superior follow-only portfolio through class of business performance analysis

Syndicates relative performance consistency essential in follow-only strategies

As follow-only strategies gain momentum at Lloyd’s, how do you identify consistent gross outperformance?

Lloyd’s net underwriting profitability trends disappoint

Line of business performance data from multiple years of individual syndicate reports and accounts, captured and curated by ICMR, reveals a surprising dichotomy between gross and net underwriting performance

Lloyd’s result not quite as good as predicted - here’s why

Lloyd’s stated year-on-year rate improvement not reflected in reported loss ratios

ICMR suggests a sub-90% combined ratio for Lloyd’s based on ‘RISX’ index

Using the reported data of the RISX index constituents ICMR forecasts Lloyd’s will report best underwriting result since 2014