Beazley 2018 interim results
Profit before tax of $57.5m (30 June 2017: $158.7m)
· Return on equity of 6% (30 June 2017: 18%)
· Gross premiums written increased by 15% to $1,323.8m (30 June 2017: $1,149.3m)
· Combined ratio of 95% (30 June 2017: 90%)
· Rate increase on renewal portfolio of 3% (30 June 2017: reduction of 2%)
· Prior year reserve releases of $48.1m (30 June 2017: $83.4m)
· Net investment income of $8.0m (30 June 2017: $79.4m)
· First interim dividend of 3.9p (30 June 2017: 3.7p)
