The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBeazley Share News (BEZ)

Share Price Information for Beazley (BEZ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 672.00
Bid: 674.00
Ask: 675.00
Change: 1.50 (0.22%)
Spread: 1.00 (0.148%)
Open: 670.50
High: 675.00
Low: 663.00
Prev. Close: 670.50
BEZ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TOP NEWS: Beazley reports rise in gross premiums written in half year

Thu, 27th Jul 2023 10:54

(Alliance News) - Beazley PLC on Thursday reported that its gross premiums written in its half year had increased, boosted by Property Risks and Cyber Risks.

Beazley is the parent company of insurance businesses operating in Europe, North America, Latin America and Asia.

Gross premiums written in its first half ended June 30 were up by 13% to USD2.89 billion from USD2.55 billion the year before.

This was driven by the growth in Property Risks which increased 66% in gross premiums written for the first half to USD791.6 million from USD478 million a year before. Cyber Risks also "performed well", with gross premiums written rising 14% to USD539.7 million, from USD472.7 million the year before.

MAP Risks performed in line with expectations, falling slightly by 5.0% to USD517.4 million, from USD547.2 million. Speciality Risks faced "very challenging conditions", dropping 1.0% to USD935 million from USD945.9 million the year before.

Net income from investments in the half year were USD143.8 million, from a loss of USD193 million the year before.

"Yields on our fixed income investments are higher than for many years and this has supported returns in the period," Beazley said.

Chief Executive Officer Adrian Cox said: "The excellent conditions in the property market persisted into the second quarter and we continued to take advantage of those, delivering a strong performance on growth for the group in the first half of 2023.

"With premium written in line with our expectations, we are confident of delivering our growth guidance for the year."

The company said its growth guidance for 2023 was in the mid-teens and 20s for net premiums written remains in place.

Shares in Beazley were up 1.5% at 571.00 pence in London on Thursday morning.

By Will Neill, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved

More News
7 Feb 2023 09:34

LONDON BROKER RATINGS: Jefferies resumes Taylor Maritime with 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
26 Jan 2023 10:43

JPMorgan says Lloyd's insurers 'on cusp of a golden era', upgrades Hiscox

(Sharecast News) - JPMorgan Cazenove upgraded Hiscox on Thursday as it took a look at Lloyd's insurers.

Read more
26 Jan 2023 09:44

LONDON BROKER RATINGS: RBC cuts Ocado; Bernstein cuts easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
19 Jan 2023 09:38

LONDON BROKER RATINGS: Goldman Sachs cuts Relx but raises WPP

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
18 Jan 2023 09:47

LONDON BROKER RATINGS: Bank of America and Oddo BHF cut Whitbread

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
12 Jan 2023 09:40

LONDON BROKER RATINGS: UBS cuts Beazley; Berenberg likes Rio and BHP

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
11 Jan 2023 09:48

LONDON BROKER RATINGS: Citi cuts Frontier Developments; BofA ups Sage

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
1 Dec 2022 09:58

LONDON BROKER RATINGS: RBC cuts Anglo American to 'sector perform'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday afternoon:

Read more
30 Nov 2022 17:45

TOP NEWS: abrdn to return to FTSE 100, as Harbour Energy drops out

(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, December 19 after completing its quarterly review.

Read more
22 Nov 2022 10:09

LONDON BROKER RATINGS: Credit Suisse cuts Vodafone; Citi likes BP

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
21 Nov 2022 10:09

LONDON BROKER RATINGS: Panmure and Goldman Sachs cut boohoo from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
21 Nov 2022 10:08

Berenberg raises target price on Beazley

(Sharecast News) - Analysts at Berenberg slightly raised their target price on insurance firm Beazley from 720.0p to 750.0p on Monday, stating profitable growth looked set to accelerate.

Read more
17 Nov 2022 09:32

LONDON BROKER RATINGS: RBC cuts Rathbones to 'sector perform'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
16 Nov 2022 16:26

Beazley raises GBP350 million in capital raise through share placement

(Alliance News) - Beazley PLC on Wednesday said it raised GBP350 million in a capital raise with "strong support" from existing shareholders.

Read more
16 Nov 2022 07:29

Beazley placing raises £350m

(Sharecast News) - Insurer Beazley said it had raised £350m from its recent placing and would use the funds to support organic growth.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.