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Lloyd’s set to improve COR despite expected investment loss in 2022

By 2023-03-08T16:35:00

lloyd's speed

The marketplace’s underwriting performance from 2022 is ‘as good as Lloyd’s has reported in recent memory’, its chief executive said.

Lloyd’s of London’s preliminary full year 2022 figures have forecast an improved combined operating ratio (COR) of 91.9% – a fall of 1.6 percentage points from last year’s result.

Despite incurring losses due to economic headwinds, the marketplace said it achieved a “strong” underwriting performance in its trading update, published today (8 March 2023).

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