The London-based insurance and reinsurance market posted a combined ratio of 88.2% for the first half of 2014 compared with 86.9% for the first half of 2013.
Lloyd's acting finance director John Parry said the results had been boosted by a benign period for large catastrophe losses, among other factors.
Lloyd's gross written premium for the first half of 2014 was £14.90 billion ($24.27 billion), down 3.9% from £15.5 billion ($25.25 billion) in the first half of 2013.
Lloyd's investment income for the first six months of 2014 totalled £642 million ($1.05 billion), up from £247 million ($402.3 million) for the comparable period last year.
Passed over to be CEO, AIG's life insurance head resigning