Beazley ( (GB:BEZ) ) has provided an update.
Beazley plc reported a record profit before tax of $1.42 billion for the year ending December 2024, marking a 13% increase from the previous year. The company also announced a $500 million share buyback program and a significant dividend increase, reflecting its strong financial performance and strategic positioning in a challenging insurance market. The company achieved a 10% growth in insurance written premiums and maintained a robust return on equity, despite facing challenges such as an active hurricane season and a global IT outage. Beazley’s performance underscores its resilience and ability to capitalize on growth opportunities in an evolving market, while continuing to provide effective risk management solutions to its clients.
More about Beazley
Beazley plc is a specialist insurance company with operations in Europe, North America, Latin America, and Asia. It manages seven Lloyd’s syndicates and underwrites a range of specialist insurance products, including Professional Indemnity, Cyber Liability, Property, Marine, Reinsurance, Accident and Life, and Political Risks and Contingency business. Beazley is a market leader in many of its chosen lines and is rated A by A.M. Best.
YTD Price Performance: 7.35%
Average Trading Volume: 1,732,521
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £5.52B
For detailed information about BEZ stock, go to TipRanks’ Stock Analysis page.