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Lloyd’s reports lower profit in 2024 with higher claims ratio from disasters

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Lloyd’s reports lower profit in 2024 with higher claims ratio from disasters

Lloyd’s 2024 results

Gross written premium for the year, meanwhile, rose to £55.5 billion, up from £52.1 billion in 2023, representing a 6.5% increase. The growth was driven primarily by an 8.5% rise in volume, including 7.6% from existing syndicates and 0.9% from new entrants.

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