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Lloyd's H1 Profit Falls Slightly on Investment Yields

Despite a softer-than-usual catastrophe year, Lloyds has reported a slight decline in profit in the first half of 2013 against a background of low investment yields.

By Anya Khalamayzer | Updated on September 26, 2013

Despite a softer-than-usual catastrophe year, Lloyd’s has reported a slight decline in profit in the first half of 2013 against a background of low investment yields. 

Lloyd’s reported 1.39 billion pounds ($2.1 billion) in income in the first six months of 2013, a 5.4 percent drop from 1.47 billion pounds ($2.4 billion) in profit last year.

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