Analysis commissioned by the Association of Lloyd's Members (ALM) has revealed that Lloyd's Names have out-performed Lloyd's average result, it said today.

Lloyd's results for 2002 show that Names made an average return on capital of 37% and profits were 29% above Lloyd's average.

While Lloyd's produced an average return on capacity of 11.4% in the 2002 year of account, the ALM said Names produced a profit of 14.7%.

Total profits for Names were reported as £403m from capacity of £2.75bn.

The ALM said out-performance would not end in the near future. For the 2003 year of account the London market has forecast a 14.1% profit, but the ALM claims Names forecast an average profit of 16.8%, or a return on capital of 42%.

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