Lloyd's Capital Structure Overview

LLOYD'S Lloyd's solvency Q2 2017; current Central Assets Central solvency ratio Tier 1 Tier 2 Tier 3 Total £m £m £m £m Society assets: Subordinated debt (valued at fair value)1 888 888 Deferred tax 35 35 Balance of net assets (net of Lloyd's China provision) 1,827 1,827 Callable layer (available at the 1:200 year stress level) 680 680 Total central own funds available to meet the central SCR 2,507 888 35 3,430 1,558 109 35 144 3,286 Lloyd's central SCR 'Excess' central own funds not eligible to meet central SCR Total central own funds eligible to meet the central SCR (Tier 2 and 3 assets can only cover up to 50% of central SCR) 2,507 779 Lloyd's central solvency ratio (1) The 2014 and 2017 dated debt is Tier 2 211% 31

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