Full Year Results 

Beazley profits halve on disaster costs

Beazley profits halve on disaster costs

Lloyd’s of London underwriter Beazley (BEZ) saw gross written premiums grow by 12 per cent in the year to December 2018, but headline profits were lower after prior year releases fell from $203.9m (£157m) to $115m. Net investment income was also down from $138.3m to $41.1m. After heavy claims experienced in 2017, last year was little better, with hurricanes and typhoons costing $105m followed by $40m associated with wildfires in California.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now