By Iain Gilbert
Date: Thursday 22 Feb 2024
LONDON (ShareCast) - (Sharecast News) - Insurance firm Beazley updated guidance on its undiscounted combined ratio on Thursday and announced an additional capital return programme.
Beazley said its undiscounted combined ratio has improved from "low-80s to mid-70s for 2023" as a result of better-than-expected claims experience during the year.
The FTSE 100-listed group added that as well as an ordinary dividend, shareholders will receive an additional capital return in respect of 2023, which was currently expected to be around $300.0m.
Beazley will announce its year-end results on 7 March.
As of 0920 GMT, Beazley shares had surged 9.19% to 635.50p.
Reporting by Iain Gilbert at Sharecast.com
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 661.50p |
Change Today | -11.00p |
% Change | -1.64 % |
52 Week High | 689.00 |
52 Week Low | 503.00 |
Volume | 1,268,665 |
Shares Issued | 661.56m |
Market Cap | £4,376.20m |
RiskGrade | 236 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 6 |
Buy | 8 |
Neutral | 2 |
Sell | 0 |
Strong Sell | 0 |
Total | 16 |
Latest | Previous | |
---|---|---|
Interim | Interim | |
Ex-Div | 21-Mar-24 | 09-Mar-23 |
Paid | 03-May-24 | 28-Apr-23 |
Amount | 14.20p | 13.50p |
Time | Volume / Share Price |
16:24 | 1 @ 661.50p |
16:24 | 1 @ 661.50p |
16:24 | 1 @ 661.50p |
16:24 | 3 @ 661.50p |
16:24 | 1 @ 661.50p |
CEO | Adrian Cox |
Chair | Clive Bannister |
CFO | Barbara Plucnar Jensen |
You are here: research