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Insurance. Just different.

Chief Executive's Q&A

"The key strengths that have led to this positive result are our expertise-led, specialty underwriting and our knowledge based, client focused claims service."

Adrian Cox

Chief Executive Officer

Our 2023 highlights

It's been a successful year, here are our key highlights from 2023. For more information download our Highlights and KPIs using the link below.

  • Insurance written premiums

    $5,601.4m 

    (2022: $5,246.3m)

  • Net insurance written premiums

    $4,696.2m

    (2022: $3,772.4m)

  • Insurance service result

    $1,251.0m

    (2022: $822.9m)

  • Net investment income/(loss)

    $480.2m 

    (2022: $(179.7)m)

  • Cash and investments

    $10,477.8m 

    (2022: $8,998.1m)

  • Investment return

    4.9% 

    (2022: (2.1)%)

  • Rate increase on renewals

    4% 

    (2022: 14%)

  • Profit before tax for the financial year

    $1,254.4m 

    (2022: $584.0m)

  • Undiscounted combined ratio

    74%

    (2022: 82%)

     

     

Our business model

  • Statement of the Chair

    "Our track record is for strong financial results which deliver excellent returns for our investors and shareholders."

    Clive Bannister
    Chair

  • Financial Review

    "It is pleasing to see the growth of prior years materialising in a strong underwriting and investment performance in 2023." 

    Sally Lake
    Group Finance Director
    Executive Sponsor of the Women in Finance Charter

  • Chief Underwriter's Report

    "This strong result is based on long-term investment into understanding how risk is evolving so we can seize underwriting opportunities as they develop."

    BOB QUANE
    Chief Underwriting Officer
    Executive Sponsor of Beazley Families

     

Responsible business

We are committed to doing the right thing for our people, partners and the planet. Beyond our deep understanding of specialist risks, we are defined by our culture that values being bold, striving for better, and doing the right thing. Ambitious for our business, we are focused on long­ term sustainable growth that delivers real value to all our stakeholders, fulfilling our purpose of helping them to explore, create and build.

  • Responsible culture

    27% 

    People of colour representation in workforce from 25% in 2022.

  • GHG

    47% 

    Reduction of Greenhouse Gas emissions from 2019 levels.

  • Positive procurement

    44.4 

    (Tonnes C02e/$m sales) from 49.9 in 2022.

  • Enhancing livelihoods

    $602,932

    (Charitable donations)