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Lloyd's of London said it will post a 1982 profit.

June 27, 1985

Prompted by recent predictions that Lloyd's would suffer a heavy loss for 1982, Chairman Peter Miller said the international insurance market probably will report a profit of about $65 million for that year. Lloyd's operates under an accounting system that leaves annual accounts open for three years so that all premiums and claims can be attributed to the year in which the business was written. For the 1981 closed year, the most recently reported, Lloyd's reported a profit of about $197 million.

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