Lloyd’s has reported a profit before tax of £4.9bn for H1 2024. This is up from the £3.9bn reported in the same period last year. The market said its combined ratio had improved to 83.7% (85.2% for H1 2023) and that its gross written premium was £30.6bn, up from £29.3bn.

John Neal (pictured), CEO of Lloyd’s, said: “The first half of 2024 has presented a superb set of results for the Lloyd’s market which represents a combination of disciplined underwriting, smart organic growth and real strength in the Lloyd’s balance sheet.

“This is good news for both investors in the Lloyd’s insurance marketplace and our customers as we continue to support them in an increasingly risky world.”