Investment - Articles - LMA and ICMR report on Lloyds record breaking 2023 results

 Lloyd’s recently announced its best ever profit of £10.7bn which sets it on course to achieve its best return on capital for over 15 years.

 For the highlights of the analysis and access to the full insights report click here.

 The full insights report, authored by the LMA and ICMR, covers both the performance of the market as a whole and offers a deeper dive into individual syndicate performance. The drivers for growth and profitability are explored for syndicates of differing size and maturity as well as the risk return profiles of the high-level classes of business. The report includes benchmarking which shows that the market’s performance over the last 20 years is favourable against liquid specialty (re)insurance investment and catastrophe bond indices.

 Paul Davenport, Finance & Risk Director at the LMA, said: “Lloyd’s results last year have been exceptional and demonstrate the resilience of the market as we head into uncertain times. This collaborative report with ICMR provides valuable insights for our members as they prepare for the coming challenges and opportunities.”

 Markus Gesmann, co-founder of ICMR, added: “The 2023 results are a testament to the combined efforts of syndicates and managing agents across Lloyd’s. Our analysis and data highlight the areas where strategic decision-making and underwriting discipline have paid off. It also demonstrates that Lloyd’s can be a great platform for entrepreneurs and investors.”