Lloyds TSB

Content

• Chapter 1 Introduction
  • What is this report about?
  • Who is the target reader?
  • How to use this report
• Chapter 2 Lloyds Tsb: Uk Personal General Insurance Competitor Profile
  • Lloyds TSB's insurance business is much smaller than its banking operations, but has recorded consistently strong growth
  • Lloyds TSB's Insurance and Investments division contributed almost 500 million towards the Group's overall profit in H1 2006
  • 2005 and 2006 interim results have shown increases in profit and GWP as Lloyds TSB has concentrated on cost reductions
  • Lloyds TSB only underwrites personal lines insurance, and has grown to be the eleventh largest provider
  • Lloyds TSB acts as an underwriter and distributor
  • In underwriting terms, Lloyds TSB had a 2.3 per cent share of the personal insurance market in 2005
  • In 2006, Lloyds TSB underwrote more of its own insurance
  • In the first half of 2006, income results varied as the balance between underwriting and broking shifted
  • Lloyds TSB is increasing the amount of household and creditor insurance that it underwrites in-house
  • Lloyds TSB's general insurance business is largely personal, but it has entered commercial lines
  • Lloyds is looking to grow its commercial business by cross-selling to its business banking customers
  • The company is seeking to offer advice alongside insurance
  • Lloyds TSB distributes under its own name, rather than through insurance brands
  • Lloyds TSB's distribution strategy largely focuses on cross-selling under its own brand
  • The vast majority of Lloyds TSB's advertising expenditure goes on promoting home and motor products
  • Lloyds predominantly advertises through direct mail
  • Lloyds has traditionally sold through its branch network, but its direct sales are growing
  • Lloyds TSB has recently entered the corporate partnerships market
  • Summary: Lloyds TSB has adopted a varied and unique strategy
  • Selling to existing Lloyds TSB customers has helped it grow its insurance business rapidly
• Chapter 3 Appendix
  • Methodology
  • Competitor data
  • Market size
  • 2005 definitions for lines of business
  • Accident & health
  • Motor
  • Property
  • Financial/Pecuniary loss business
  • Total personal
  • Total commercial
  • Ratio analysis by competitor
  • Premium income measures
  • Current readings
  • Future readings
  • Do you need more information?
  • Datamonitor Financial Services Consulting
  • SPP writing team
• List Of Tables
  • Table 1: Lloyds TSB's profit before tax, by main business division, H1 2005 to H1 2006
  • Table 2: Lloyds TSB Insurance's profit before tax and underwriting income, 2005-6
  • Table 3: Lloyds TSB's growth rates and share of underwritten household GWP compared to the market, 2005
  • Table 4: Lloyds TSB's personal lines premium income split by line of business, 2001-5
  • Table 5: Key statistics relating to Lloyds TSB's underwritten personal lines book, 2001-5
  • Table 6: Lloyds TSB's general insurance income, H1 2006
  • Table 7: Top ten general insurance advertisers, 2003-5
  • Table 8: Lloyds TSB's advertising spend by line of business, 2005
  • Table 9: Lloyds TSB's advertising spend by medium, 2005
• List Of Figures
  • Figure 1: Lloyds TSB's core business is split between three principal divisions
  • Figure 2: Lloyds TSB's Insurance and Investments division contributed almost 500 million to the Group's overall profit in H1 2006
  • Figure 3: General insurance contributions to Lloyds TSB's profit increased between H1 2005 and H1 2006
  • Figure 4: Lloyds TSB's non-life bancassurance model
  • Figure 5: Lloyds TSB was the 11th largest personal general insurer in 2005
  • Figure 6: Lloyds TSB's household book did not keep up with the overall market in 2005, but has grown significantly since 2001
  • Figure 7: Growth in Lloyds TSB's household book has slowed, and GWP fell slightly in 2005
  • Figure 8: Lloyds TSB's premium income from creditor insurance grew in the first half of 2006, while commissions fell
  • Figure 9: Lloyds TSB was one of the highest-spending advertisers in the general insurance market in 2005
  • Figure 10: Lloyds TSB spent heavily on advertising household and motor products in 2005
  • Figure 11: Over 90 per cent of Lloyds TSB's advertising expenditure went on direct mail in 2005