lloyds on thursday reported a swing to pretax loss for the first half driven by rising interest rates but said that this would turn into a positive factor in 2023 and beyond the uks commercial corporate and specialty risksolutions marketplace reported a pretax loss for the first half of gbp18 billion pounds 208 billion compared with a profit of gbp14 billion a year ago the company said that underwriting profit came in at gbp12 billion from gbp960 million a year ago and gross written premiums rose to gbp24 billion from gbp205 billion the central solvency ratiowhich refers to a companys ability to meet its financial obligationsstood at 395 from 388 in 2021 rising interest rates while prompting an unrealized investment loss on paper at the half year will be good news for insurers in the long term as returns on assets strengthen in 2023 and beyond the company said