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Lloyd's reports $1.9B loss from Iran conflict
The conflict in the Middle East, particularly the war between the United States and Iran, caused losses of $1.9 billion for Lloyd's of London insurance company, leading to a 17% decline in its half-year profits, which fell to £3.5 billion. Commercial insurance prices also dropped by 6.7% during the first half of 2026, and the company's investment returns declined by more than 40%, due to market pressures and unrealized losses in the fixed income portfolio. The CEO confirmed that the future environment will remain challenging, emphasizing the importance of disciplined underwriting and innovation to maintain performance and quality.
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