September 18, 2019 / 6:20 AM / a month ago

Lloyd's of London posts first-half profit of 2.3 bln stg

LONDON, Sept 18 (Reuters) - Lloyd’s of London reported a pre-tax profit of 2.3 billion pounds ($2.87 billion) 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.

$1 = 0.8006 pounds Reporting by Carolyn Cohn, editing by Sinead Cruise

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