| 1 | A | B | C | D | E | F | G |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 2 | Lloyd's of London - Recent results |  |  |  |  |  |  |
| 3 | Year | Gross premiums written | Combined ratio (AY) | Combined ratio (CY) | Pre-tax profit/(loss) | Pre-tax ROC | Ref |
| 4 | 2018 | £35,527m | 108.4% | 104.5% | (£1,001m) | (3.7%) | - |
| 5 | 2017 | £33,591m | 116.9% | 114.0% | (£2,001m) | (7.3%) | - |
| 6 | 2016 | £29,862m | 103.0% | 97.9% | £2,107m | 8.1% | - |
| 7 | 2015 | £26,690m | 97.9% | 90.0% | £2,122m | 9.1% | - |
| 8 | 2014 | £25,283m | 96.1% | 88.1% | £3,161m | 14.7% | - |
| 9 | 2013 | £26,106m | 94.8% | 86.8% | £3,205m | 16.2% | - |
| 10 | 2012 | £25,500m | 98.3% | 91.1% | £2,771m | 14.8% | - |
| 11 | 2011 | £23,477m | 113.3% | 106.8% | (£516m) | (2.8%) | - |

Question: What was the change in the combined ratio of Lloyd's of London from 2017 to 2018?
Answer: Lloyd's of London combined ratio was 104.5 percent in 2018, down from 114 percent in 2017.