Beazley Share Chat (BEZ)

Let us see if this crosses over into £7 territory..

All time high now hit.

Ex-divi on Thurs will no doubt knock a couple of % off but I still think there is further for this to rise, especially with the buyback ongoing.

True enough JDF7, a little rise today.

Jamesss, sometimes the market just moves slowly in its repricing....

Why in the world has this not moved?

Buy back anouced and Dividend coupled with a strong set of results?

Superb set of results. I would have liked a slightly higher divi but pleased with the buyback announced.

Dare I say it, this is a real British stock market success story; BEZ is a hugely profitable business, a market leader, a global business and is growing rapidly. What's not to like?

I brought Beazley as a solid play in a world of strong insurance rates.

Today showed just how strong with a massive underwriting profit.

I got my timing right and already in a profit.

Will probably hold for long term.

Thanks for the response. I had thought that was the most likely reason but I was not absolutely certain.

I have also held shares for years and agree with your opinion.

From RNS

The company will announce its year end results on 7 March when the quantum and method of additional return will be confirmed.

This is a long term hold for me. Held it for years and is always a solid performer. Perfect for an ISA IMHO.

Am I missing something obvious or should the 2024 Dividend have been declared on 1st of March?

BEZ and its BOD are a good outfit. The sp may have space to run up further and the focus on returning excess capital make it worthy of consideration as a buy

Superb trading update today and a great rise. Looking forward to the results on the 7th and how the capital will be returned to us shareholders. I'm expecting a combination of a rise in the divi and a share buyback.

Still more to come from this share IMO, so I'm happy to hold for the time being.

I bought in mid-January £5.08 as SP looked very low . just sold some for 564 on 20th & sold rest today. One of my rare successes lol GLTA

Nick, thanks. Understand better now. I've always thought BEZ are a very professional yet proactive company. I particularly appreciate how measured and detailed they are in their RNSs, focused on performance and not on hype or promises.

It is additional reinsurance to protect Beazley in the event of a very large (catastrophic) cyber event e.g. a successful cyber attack on a cloud services provider carried out by a rogue state.

Cat bonds are common in property reinsurance but this is one of the first for cyber reinsurance.

Currently, Beazley and other cyber insurers will often apply a sub-limit on cyber policies for catastrophic losses such as these. Potentially, this may allow Beazley to provide more coverage or transfer the risk.

It's just a further demonstration of Beazleys expertise and capabilities in cyber insurance which is the fastest growing class of insurance, and the biggest class that Beazley writes in terms of GWP.

Troajan, what does that mean? BEZ buying into them as part of its investment holdings? Or were they talking about some form of cyber risk insurance bond product that BEZ are participating in designing and help alleviate potential direct underwriting losses? Excuse my ignorance

On the menu for bez.....bloomberg news tv says

Underwriting discipline should result in lower claims. I’m really looking forward to BEZ final year results and the inevitable re-rate of this one.

Beazley plc posted interims for the HY ended 30th June yesterday. Insurance written premiums increased to $2,921.1m (2022HY: $2,574.3m), profit before tax increased to $366.4m (2022HY: $364.9m), the Group’s undiscounted combined ratio pushed up to 88% (2022HY: 74%), in line with previous guidance. The investment team achieved a strong investment result of $143.9m (30 June 2022: loss of $193.0m) or 3.0% annualised (30 June 2022: loss of 5.0%). Valuation is very attractive with forward PE ratio at 5.5x. Share price lacks near term momentum, other than that BEZ is a solid, growing and profitable insurance company which has made its way into the FTSE100. BUY....

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/BEZ/788

Absolutely agree the market is simply toxic right now and valuation make no sense unless lse plan on taking it all down to the abyss. Drop this morning on top of undervalued already price just toxic

Market certainly got this badly wrong if the H&L summary regarding the combined ratio is an indicator of why the share price fell so dramatically

The summaru reads as follows "(Sharecast News) - Insurance group Beazley said it remains on track to hit guidance after delivering record profits in the first half, though its combined ratio jumped.

Pre-tax profit totalled $366.4m in the six months to 30 June, up only slightly from $364.9m a year earlier, despite insurance written premiums rising 13% to $2.92bn.

Beazley said property insurance written premiums jumped 65% while cyber premiums rose 14%.

However, the company saw a sharp rise in insurance service expenses to $2.08bn fro $1.74bn a year earlier.

The combined ratio, a key measure of profitability calculated by dividing incurred losses and expenses by earned premiums (and therefore the lower the better), increased to 84% from 71%.

"We have confidence in the ability of our diversified platform, product and geographic strategy to continue to deliver and look forward to achieving mid-teens growth," said chief executive Adrian Cox.

He reiterated the group's guidance of a full-year combined ratio guidance in the "low eighties".

The eoy 2022 Results RNS 2nd March 2023 stated

"Taking the above into account, we expect to deliver a high-80s combined ratio for 2023 assuming average claims experience. Although significant geopolitical headwinds remain, I believe we are in an excellent position to sustainably grow our company and I am looking forward to all we will achieve together in 2023."

So H1 2023 interims and guidance are unchanged and the already depressed share price warranted an uplift rather than the initial 9% fall first thing.

07th Sept

When are they due? Cannot see RNS

Berenberg raises Beazley price target to 850 (825) pence - 'buy'

This reduction in share price is a result of Beazley buying some products from Vesttoo. Beazley haven’t done anything wrong and will correct the issue very quickly. A reduction in share price is ridiculous. Insurance and reinsurance premiums trading on an all time high! Profits over the next couple of years will be huge.