Beazley PLC

Latest Results (03.01.2026):

Beazley PLC — results for the year ended 31 December 2024 (Q4 2024 / FY2024): the company reports a record profit for the second consecutive year, supported by premium growth, healthy underwriting profitability across core classes and a strong capital-return programme including a rebased ordinary dividend and a sizeable share buyback.

Key financials

Undiscounted combined ratio reported at 79.0%; written premium growth of c.10% (reported written premium shown as $1,424m in the highlights); the results are presented for the year ended 31 December 2024 and were published 4 March 2025.

Capital returns & dividend

Ordinary dividend rebased up 76% to 25p per share; the board announced an undiscounted $500m share buyback as part of returns to shareholders.

Property Risks

In-force written premium (IWP) for Property: $1,703.2m, growth 26.0% year‑on‑year; undiscounted combined operating ratio (COR) 74.6%; rate change +1.3%. Management highlights resilient underwriting and continued opportunity from changing US property risk dynamics.

Cyber Risks

Cyber IWP: $1,275.9m, growth 7.7%; undiscounted COR 68.1%; reported rate change -5.5%. Beazley notes market leadership, continued innovation (including the launch of “Beazley Quantum” backed by a reinsurer consortium) and tools to manage tail/systemic risk.

Specialty Risks

Specialty IWP: $1,988.1m, growth 6.1%; undiscounted COR 87.1%; rate change +1.4%. Growth driven by niche liability areas (e.g., Safeguard, environmental liability) and improving demand in financial lines such as D&O and M&A.

Returns & shareholder performance

Management cites cross‑cycle ROE targets achieved (target 15%); 10‑year average ROE ~19% and 5‑year average ROE ~17.7% as presented. Total shareholder return over the period shown in the slides outperformed peers (Beazley +287% in the chart vs peer averages).

Strategy and outlook

Beazley emphasises long‑term sustainability of financial performance, active cycle underwriting management and platform strength (Europe, North America, global wholesale/Lloyd’s) to support continued growth. The presentation includes standard forward‑looking disclaimers. Summarized from source with an LLMView Source