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Lloyd’s of London reports strong COR despite headwinds causing ‘substantial claims’

By 2023-03-23T15:59:00

Lloyd's kanye

’Looking to 2023, we expect strong premium growth,’ says Lloyd’s chief executive

Lloyd’s of London’s combined operating ratio (COR) for 2022 was at its strongest since 2015 despite it paying out more than £21bn over the year due to geopolitical and macroeconomic headwinds.

The marketplace reported a pre-tax loss of £769m in its 2022 full year results (published 23 March 2023), compared to a £2.2bn profit in 2021.

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