Lloyd's will today announce profits of £2.2bn for 2010, supported by a combined ratio of 93.3%. These are strong results, certainly in comparison to many of their peers, and an impressive achievement given the prevailing market conditions.

2011 will likely be a more challenging year, but we will have a clearer picture as we better understand the full impact of the natural catastrophes in Japan, New Zealanad and Australia. 

Full details of the results and the 2010 Annual Report are available here