8th November 2023

Beazley confident of delivering strong profit at year end

Beazley has issued a trading statement for the nine months ended 30th September 2023-highlights are:
-Insurance written premiums increased by 9% to $4,325m -· Net insurance written premiums increased by 26% to $3,532m - -Property insurance written premium is up 63% with rates up 24%
-Premium rates on renewal business increased by 5%(Q3 2022: 17%)
-Investment income of $202m or 2.1% year to date (Q3 2022: loss of $99m or 3.6%)
-Combined ratio guidance on an undiscounted basis remains at low 80s for 2023 full year
-Growth guidance for the year on a net basis remains mid 20s
-Growth on a gross basis is expected to be in line
with year to date performance

Beazley Trends(203 articles)