Beazley Announces Record H1 Profit and Growth

Beazley (GB:BEZ) has released an update.

Beazley PLC reports a record-breaking first-half-year profit of $728.9 million, almost doubling from the previous year, with profit before tax up by 99% and written insurance premiums showing a growth of 7%. The company’s strong performance is attributed to expert underwriting and active risk selection, particularly in property and cyber risk sectors, with a share buyback plan on track and an improved combined ratio guidance for the full year. Amidst these successes, Beazley maintains a confident outlook for continued high single-digit growth.

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