In its most recent annual report , for 2018 , Lloyd 's reported an underwriting loss of £ 1.1 bn , offset by a £ 0.1 bn non-technical profit to produce an overall pre-tax loss of £ 1bn , compared to an overall pre-tax loss of £ 2bn in 2017 . The 2018 calendar-year combined ratio was 104.5 per cent , down from 114 per cent in 2017 . Like 2017 , the 2018 result was impacted by above-average major claims , including Hurricanes Florence and Michael and wildfires in California . Gross premiums written totalled £ 35.5 bn , which was a 6 per cent increase from £ 33.6 bn in 2017 , without taking exchange rate fluctuations into account
wildfires in California
2018 California wildfires
Lloyd's of London