Source - SMW
Lloyd's reports a profit of £1.46 billion for the first half  with the figures showing an increase in profits of £0.26 billion on the corresponding   period last year. 

Lloyd's also reported an annualised return on capital of 11.7% and a combined ratio of 98.0%.

The key financial figures are:

-    Pre-tax profits of £1.46 billion (H1 2015: £1.20 billion)

-     Return on capital of 11.7% (H1 2015: 10.7%)

-    Combined ratio of 98.0% (H1 2015: 89.5%)

-     Investment return of 1.8% (H1: 0.6%)

-     Net resources of £26.6 billion

2016 saw major claims increase due primarily to the Fort McMurray fires in Alberta, Canada.

Premiums continue to be under pressure due to the challenging environment the market is operating in, Lloyd's financial ratings remain extremely strong with Fitch (AA-), A.M. Best (A) and Standard & Poor's (A+).

Lloyd's chief executive Inga Beale said: "These results reflect the highly competitive environment we are operating in, but they demonstrate that Lloyd's is in robust financial shape. 

"Clearly the UK's referendum on its EU membership is a major issue for us to deal with and we are now focussing our attention on having in place the plans that will ensure Lloyd's continues trading across Europe."