Summary
The Lloyd’s market reported a strong financial performance for the full year 2025, with a profit before tax of £10.6bn (+10.1%) and gross written premium of £57.9bn (+4.2%). Underpinning these results is a significantly strengthened balance sheet, with central solvency reaching 496%. Alongside the results, Lloyd’s launched a new five-year strategy aimed at sharpening the market’s financial edge and maximizing its capital advantage.
Key claims
- Profit before tax increased to £10.6bn from £9.6bn in 2024.
- Combined ratio stood at 87.6% (compared to 86.9% in 2024).
- Total capital, reserves, and subordinated loan notes rose to £49.8bn.
- Central solvency coverage ratio increased to 496% from 435%.
- A new five-year strategy was launched focusing on underwriting performance, efficiency, and capital advantage.
Entities mentioned
Concepts covered
- combined_ratio
- underwriting_result
- central_solvency_ratio
- lloyds_5_year_strategy
- gross_written_premium
Contradictions or open questions
None identified.
Source
Lloyd’s press release, 19 March 2026