Lloyd’s has released its 2002 results, showing that Names (individuals investing in the market through agents) made an average return on capital of 37%, with profits 29% above Lloyd’s average.

The results, using the traditional three-year delay that still operates alongside Lloyd’s annualised financial reporting, produced an average return on capital of 11.4% for 2002, before agents’ fees.

Results forecast for 2003 (to be declared in 12 months time) predicts a profit of 14.1% with Names forecast to make an average profit of 16.8%.