Beazley posts 14% GWP development as income almost halve in 2022

Beazley has reported gross written premiums of $5.27bn (£4.4bn) for 2022, up via 14% at the yr ahead of.

Alternatively, pre-tax benefit fell year-on-year from $369.2m to $191m.

The close to 50% drop used to be pushed via funding losses of $179.7m in comparison to a benefit of $116.4m in 2021.

The once a year end result reflected the half-year figures the place the insurer additionally flagged funding returns hitting the base line.

The supplier mentioned that it had accomplished a “very robust underwriting end result”.


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