Beazley (BEZ)

Sector:

Insurance

Index:

FTSE 100

963.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 973.00p
  • 52 Week Low: 628.00p
  • Currency: UK Pounds
  • Shares Issued: 624.98m
  • Volume: 21,828
  • Market Cap: £6,019m
  • RiskGrade: 236

Insurer Beazley keeps guidance after solid Q1 premiums growth

By Benjamin Chiou

Date: Monday 29 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Insurance group Beazley said that first-quarter results were in line with guidance with insurance written premiums (IWP) growing at high single digits.
IWP were up 7% at $1.48bn, matching the full-year target growth rate. Meanwhile, investments and cash jumped by 19% to $10.83bn, while the investment return held steady at 1.2%.

Chief executive Adrian Cox said the board was confident of delivering gross IWP guidance for the full year of high single-digit growth, after IWP increased 7% in 2023 to $5.60bn.

The 2024 combined ratio guidance was also maintained at a low-80s percentage on an undiscounted basis, up from 74% in 2023.

"We remain optimistic about the outlook for our business in 2024 and beyond, focussing on continued, targeted growth and active capital management as the rate environment normalises," he said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Beazley Market Data

Currency UK Pounds
Share Price 963.00p
Change Today -1.00p
% Change -0.10 %
52 Week High 973.00p
52 Week Low 628.00p
Volume 21,828
Shares Issued 624.98m
Market Cap £6,019m
RiskGrade 236

Beazley Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.1% below the market average32.1% below the market average32.1% below the market average32.1% below the market average32.1% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
86.15% above the market average86.15% above the market average86.15% above the market average86.15% above the market average86.15% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
9.59% below the market average9.59% below the market average9.59% below the market average9.59% below the market average9.59% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Growth
69.25% above the market average69.25% above the market average69.25% above the market average69.25% above the market average69.25% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average

What The Brokers Say

Strong Buy 7
Buy 8
Neutral 1
Sell 0
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Beazley Dividends

  Latest Previous
  Interim Interim
Ex-Div 20-Mar-25 21-Mar-24
Paid 02-May-25 03-May-24
Amount 25.00p 14.20p

Trades for 10-Jun-2025

Time Volume / Share Price
08:06 440 @ 963.00p
08:06 3,284 @ 963.05p
08:06 519 @ 963.02p
08:06 1 @ 963.50p
08:05 20 @ 963.02p

Beazley Key Personnel

CEO Adrian Cox
Chair Clive Bannister
CFO Barbara Plucnar Jensen

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