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Lloyd's of London posts first-half profit of 2.3 billion pounds

Lloyd's of London posts first-half profit of 2.3 billion pounds
FILE PHOTO: Signage is seen inside the Lloyd's of London building in the City of London financial district in London, Britain, April 16, 2019. REUTERS/Hannah McKay -
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HANNAH MCKAY(Reuters)
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LONDON (Reuters) – Lloyd’s of London [SOLYD.UL] reported a pre-tax profit of 2.3 billion pounds in the first half of 2019 on Thursday, helped by a cutback in underperforming business.

The results at the 330-year old insurance market, which represent earnings from its 99 member syndicates, compare with a profit of 0.6 billion pounds a year earlier.

(Reporting by Carolyn Cohn, editing by Sinead Cruise)

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