Beazley Plc announce an interim dividend of 14.2p covering the whole of 2023 (2022: 13.5p) will be payable on 3 May 2024 to Beazley plc shareholders registered on 22 March 2024. The Group expects the total amount to be paid in respect of the interim dividend to be approximately £95.5m (2022: £90.6m). These financial statements do not provide for the interim dividend as a liability.
Other financial highlights include:
• Profit before tax increased to $1,254.4m (2022: $584.0m)
• Insurance written premiums increased to $5,601.4m (2022: $5,246.3m)
• Net insurance written premiums increased to $4,696.2m (2022: $3,772.4m)
• Undiscounted combined ratio of 74% (2022: 82%), Discounted combined ratio of 71% (2022: 79%)
• Return on equity of 30% (2022: 19%)
• High single digit gross IWP growth for FY 2024
• Low 80s undiscounted combined ratio for FY 2024
• Launch of a share buyback programme of up to $325m
