Reported Earnings • Aug 05
First half 2026 earnings released: EPS: US$0.31 (vs US$0.67 in 1H 2025) First half 2026 results: EPS: US$0.31 (down from US$0.67 in 1H 2025). Revenue: US$2.75b (down 6.0% from 1H 2025). Net income: US$184.7m (down 56% from 1H 2025). Profit margin: 6.7% (down from 14% in 1H 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 19
Beazley plc Auditor Raises 'Going Concern' Doubt Beazley plc filed its Annual on Mar 18, 2026 for the period ending Dec 31, 2025. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Announcement • Mar 18
Beazley plc, Annual General Meeting, Apr 22, 2026 Beazley plc, Annual General Meeting, Apr 22, 2026. Location: 22 bishopsgate, ec2n 4bq, london United Kingdom Announcement • Mar 11
Beazley plc (LSE:BEZ) reached an agreement to acquire kWh Analytics, Inc. Beazley plc (LSE:BEZ) reached an agreement to acquire kWh Analytics, Inc. on March 10, 2026. Under the agreement, kWh Analytics will be integrated into Beazley’s Marine, accident and political (MAP) risks division.
Jason Kaminsky, Chief Executive Officer of kWh Analytics, will report to Tim Turner while working as part of the insurer’s broader transition underwriting strategy led by Kelly Malynn.
Evercore Partners International LLP acted as financial advisor for Beazley plc. Freshfields LLP acted as legal advisor for Beazley plc. McDermott Will & Schulte LLP acted as legal advisor for kWh Analytics, Inc. Announcement • Mar 06
Beazley plc Appoints Roy Clark as Independent Non-Executive Director Beazley plc announced that the Board has appointed Roy Clark as an independent non-executive director. This appointment will be effective from the confirmation of regulatory approval of his appointment in the role of the Chair of the Beazley Furlonge Limited board or the conclusion of the Beazley plc 2026 AGM, whichever is the later. Roy had a long career at PwC, marked by progressive leadership and deep expertise in the insurance sector and spanning audit, client leadership, sector oversight, and team management roles, equipping him with a comprehensive understanding of governance, risk management, and stakeholder relations. With decades of experience at PwC, across major financial centres, including London, Singapore, and Sydney, he has firsthand insight into the operations and challenges of multinational, listed businesses. He has led critical projects such as public listings, acquisitions, and large-scale transformation initiatives, showcasing his ability to provide valuable oversight and guidance in dynamic contexts. In May 2024 Roy was appointed as a non-executive director of Beazley Furlonge Limited and has chaired its audit committee since October that year and will become Chair of that board once regulatory approval is obtained. Announcement • Mar 03
Beazley plc Announces Interim Dividend for Year Ended 31 December 2025, Payable on 1 May 2026 Beazley plc announced interim dividend in respect of the year ended 31 December 2025 (the Interim Dividend), which will be paid by the Company as follows: Ex-Dividend Date is 19 March 2026. Record Date is 20 March 2026. Payment Date is 1 May 2026. Dividend per share is 25 pence per ordinary share. Announcement • Feb 04
Zurich Insurance Group AG (SWX:ZURN) signed a letter of intent to acquire remaining 98.52% stake in Beazley plc (LSE:BEZ) for £8 billion. Zurich Insurance Group AG (SWX:ZURN) reached an agreement in principle to acquire remaining 98.52% stake in Beazley plc (LSE:BEZ) for £8 billion on February 4, 2026. Under the terms of the Proposal, Beazley shareholders would be entitled to receive a total value of up to £13.35 per Beazley share. This comprises an offer price of £13.10 in cash, and Beazley paying its shareholders permitted dividend(s) in respect of the year ended December 31, 2025, of up to £0.25 prior to completion (the "Permitted Dividend"). Beazley notes that if the Permitted Dividend is declared and paid in full Beazley shareholders would receive, in aggregate, approximately £8 billion.
The Board of Beazley has carefully considered the Proposal, together with its advisers. The Board has concluded that the financial terms of the Proposal are at a level that it would be minded to recommend to Beazley shareholders should a firm intention to make an offer pursuant to Rule 2.7 of the Code be announced on these financial terms, and subject to the satisfactory resolution and agreement of the other terms of the offer and definitive transaction documentation. The announcement of any firm offer under Rule 2.7 of the Code in respect of the possible offer for Beazley is subject to the satisfaction or waiver of a number of customary pre-conditions, including the completion of confirmatory due diligence to the satisfaction of Zurich. Announcement • Jan 22
Zurich Insurance Group AG (SWX:ZURN) cancelled the acquisition of remaining 98.5% stake in Beazley plc (LSE:BEZ). Zurich Insurance Group AG (SWX:ZURN) submitted an unsolicited non-binding indicative and conditional cash proposal to acquire remaining 98.5% stake in Beazley plc (LSE:BEZ) for £7.3 billion on January 4, 2026. A cash consideration valued at £12.3 per share will be paid by Zurich Insurance Group AG for equity, Deferred shares plan,retention shares and options. On January 16, 2026, the Board of Beazley rejected the proposal as significantly undervaluing Beazley. As on January 19, 2026 Zurich announces that it has submitted an improved proposal to the Board of Beazley to acquire remaining 98.5% of Beazley for £12.8 per Beazley share, resulting in consideration of £7.6 billion.
Transaction would be funded through existing cash and new debt facilities, with the remainder funded through an equity placing.
Transaction would be accretive to Zurich's 2027 financial targets.
Ed Skilton, Adrian Beidas, Neal West, Joe Sumner and Anusuya Nayar of Barclays Corporate and Investment Bank along with Conor Hillery,Claire Brooksby, James Robinson and Ben Stoop of J.P. Morgan Securities plc acted as Financial advisor to Beazley plc. Evercore Partners International LLP acted as financial advisor to Beazley.
Zurich Insurance Group AG (SWX:ZURN) cancelled the acquisition of remaining 98.5% stake in Beazley plc (LSE:BEZ) on January 22, 2026. Announcement • Jan 19
Zurich Insurance Group AG (SWX:ZURN) submitted an unsolicited non-binding indicative and conditional cash proposal to acquire remaining 98.5% stake in Beazley plc (LSE:BEZ) for £7.6 billion. Zurich Insurance Group AG (SWX:ZURN) submitted an unsolicited non-binding indicative and conditional cash proposal to acquire remaining 98.5% stake in Beazley plc (LSE:BEZ) for £7.3 billion on January 4, 2026. A cash consideration valued at £12.3 per share will be paid by Zurich Insurance Group AG for equity, Deferred shares plan,retention shares and options. On January 16, 2026, the Board of Beazley rejected the proposal as significantly undervaluing Beazley. As on January 19, 2026 Zurich announces that it has submitted an improved proposal to the Board of Beazley to acquire remaining 98.5% of Beazley for £12.8 per Beazley share, resulting in consideration of £7.6 billion.
Transaction would be funded through existing cash and new debt facilities, with the remainder funded through an equity placing.
Transaction would be accretive to Zurich's 2027 financial targets.
Ed Skilton, Adrian Beidas, Neal West, Joe Sumner and Anusuya Nayar of Barclays Corporate and Investment Bank along with Conor Hillery,Claire Brooksby, James Robinson and Ben Stoop of J.P. Morgan Securities plc acted as Financial advisor to Beazley plc. Announcement • Nov 26
Beazley plc Provides Insurance Written Premiums Guidance for the Year 2025 Beazley plc provided Insurance written premiums guidance for the year 2025. For the year, the company expects IWP growth to be flat to low single digits. Announcement • Jul 18
Beazley plc to Report First Half, 2025 Results on Aug 13, 2025 Beazley plc announced that they will report first half, 2025 results on Aug 13, 2025 Announcement • Jun 13
Beazley Appoints Stefan Wunderlich as Head of Parametric Insurance Beazley has announced that it has appointed a head of parametric insurance. The firm has appointed Stefan Wunderlich to the position. The executive was previously with Swiss Re, where was employed for nearly two decades in various senior roles. Announcement • Mar 19
Beazley plc, Annual General Meeting, Apr 22, 2025 Beazley plc, Annual General Meeting, Apr 22, 2025. Location: 22 bishopsgate, ec2n 4bq, london United Kingdom Announcement • Mar 18
Beazley plc to Report Fiscal Year 2024 Final Results on Apr 22, 2025 Beazley plc announced that they will report fiscal year 2024 final results at 8:00 AM, GMT Standard Time on Apr 22, 2025 Announcement • Mar 04
Beazley plc Announces Interim Dividend for the Year Ended 31 December 2024, Payable on 2 May 2025 Beazley plc announced that on 3 March 2025 the Board approved the payment of an interim dividend of 25.0 pence per share for the year ended 31 December 2024 covering the whole of 2024 (2023: 14.2 pence per share) which will be paid on 2 May 2025 to Beazley plc shareholders registered on 21 March 2025. The Group expects the total amount to be paid in respect of the interim dividend to be approximately £157.5 million (2023:£94.2 million). These financial statements do not provide for the interim dividend as a liability. Announcement • Feb 06
Beazley plc to Report Fiscal Year 2024 Results on Mar 04, 2025 Beazley plc announced that they will report fiscal year 2024 results at 7:00 AM, Coordinated Universal Time on Mar 04, 2025 Announcement • Dec 19
Beazley Promotes Alessandro Lezzi to Group Head of Cyber Risks Beazley has announced a promotion. The company has promoted Alessandro Lezzi to group head of cyber risks. Lezzi has years of experience in cyber insurance and had been Beazley's head of international cyber for more than a decade. Announcement • Aug 07
Beazley plc Announces Committee Appointments Beazley plc announced that the board has made the following committee appointments: Carolyn Johnson is appointed as a member of the Nomination and Risk committees; and Bob Stuchbery is appointed as a member of the Nomination committee. Both appointments are effective immediately. Following these appointments, the members of the Risk committee will be: Fiona Muldoon (Chair), Pierre-Olivier Desaulle, Nicola Hodson, Carolyn Johnson, John Reizenstein, Cecilia Reyes Leuzinger and Bob Stuchbery. The members of the Nomination committee will be: Clive Bannister (Chair), Pierre-Olivier Desaulle, Carolyn Johnson, John Reizenstein, Cecilia Reyes Leuzinger and Bob Stuchbery. Announcement • Jul 17
Beazley plc to Report First Half, 2024 Results on Aug 08, 2024 Beazley plc announced that they will report first half, 2024 results on Aug 08, 2024 Announcement • May 23
Beazley plc Announces Directorate Change Beazley plc announces that Barbara Plucnar Jensen has been appointed to the Board replacing Sally Lake with immediate effect. As previously announced, Barbara joined Beazley on 1 May 2024 as Group Chief Financial Officer. Barbara served as Group Chief Financial Officer at Tryg A/S from March 2019 to November 2023. Announcement • Apr 27
Beazley plc Approves Interim Dividend Beazley plc announced that at the AGM was held on 25 April 2024, the company approved an interim dividend of 14.2 pence per ordinary share. Announcement • Apr 11
Beazley plc Announces Board Changes Beazley plc announced that Pierre-Olivier Desaulle, who has served on the Board as a Non-Executive Director since January 2021,will succeed Christine LaSala as Senior Independent Director when she steps down from the Board following the 2024 AGM on 25 April 2024. Pierre-Olivier will continue to serve as a member of the Risk and Nomination Committees. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Carolyn Johnson was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 14
Upcoming dividend of UK£0.14 per share Eligible shareholders must have bought the stock before 21 March 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (4.9%). New Risk • Mar 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Feb 22
Beazley plc to Report Q4, 2023 Results on Mar 07, 2024 Beazley plc announced that they will report Q4, 2023 results on Mar 07, 2024 Announcement • Jan 30
Beazley plc, Annual General Meeting, Apr 25, 2024 Beazley plc, Annual General Meeting, Apr 25, 2024. Announcement • Oct 31
Beazley Announces Executive Changes Beazley announced Westinghouse assumes her new role at Beazley from 1 November 2023, succeeding Rachel Turk who is moving to Lloyd's. As leader of the Professions PI book, Westinghouse has already contributed to the firm's growth and strategic position. As corporate head of strategy, she will play a crucial part in shaping the priorities for the company with responsibility for identifying new growth opportunities and ensuring Beazley remains at the forefront of innovation. She holds more than two decades' experience with her most recent position being focus group leader, Professions PI, within the specialty risks division at Beazley. Prior to that, she spent more than a decade at Marsh. Announcement • Oct 01
Beazley plc Announces Board Changes Beazley plc announced that the board has made the following committee appointments: Fiona Muldoon is appointed as Chair of the Risk committee, succeeding Bob Stuchbery, who will remain a member of the committee; and Cecilia Reyes Leuzinger is appointed as a member of the Nomination committee. Both appointments are effective immediately. Following these appointments, the members of the Risk committee will be: Fiona Muldoon (Chair), Pierre-Olivier Desaulle, Nicola Hodson, John Reizenstein, Cecilia Reyes Leuzinger and Bob Stuchbery. The members of the Nomination committee will be: Clive Bannister (Chair), Pierre-Olivier Desaulle, Christine LaSala, John Reizenstein and Cecilia Reyes Leuzinger. Announcement • Aug 10
Beazley plc Announces Sally Lake to Step Down as Chief Financial Officer, Effective 2024 Beazley plc announced Chief Financial Officer Sally Lake to step down. Sally Lake has informed the Board of her intention to leave Beazley in 2024. The Board will now conduct an orderly process for an external successor, which will complete during her 12 month notice period. Reported Earnings • Mar 04
Full year 2022 earnings released: EPS: US$0.26 (vs US$0.51 in FY 2021) Full year 2022 results: EPS: US$0.26 (down from US$0.51 in FY 2021). Revenue: US$3.47b (up 5.3% from FY 2021). Net income: US$160.8m (down 48% from FY 2021). Profit margin: 4.6% (down from 9.4% in FY 2021). The decrease in margin was driven by higher expenses. Combined ratio: 89.0% (down from 93.0% in FY 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Mar 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Clive Christopher Bannister was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 08
Beazley plc Announces Directorate Change Beazley plc announced that on 21 July 2022, David Roberts would be standing down as Chair in the autumn of 2022 to take up the role as Chair of the Court of the Bank of England. The Company subsequently announced that David stood down with effect from 21 October 2022 and Christine LaSala took up the role as Interim Chair of both the board and nomination committee with effect from the same date. Following the conclusion of an external search Beazley plc announced the appointment of Clive Bannister as Chair Designate and a non-executive director with immediate effect. It is intended that Clive will take up the role of Chair at the conclusion of the Company's AGM on 25 April 2023. Clive will also join the nomination committee and become its Chair following the AGM. Clive is currently the Chair of Rathbones Group plc and the Museum of London. He was previously CEO of Phoenix Group Plc, retiring in March 2020. Clive had a long and distinguished career at HSBC Group where his roles included being CEO of HSBC Private Banking and Group Managing Director of Insurance. In addition to Clive's extensive executive career, he has previously been a non-executive director of the Association of British Insurers, Punter Southall Group Ltd, Ignis Asset Management Ltd, and HSBC Insurance Brokers Ltd. Clive will bring a wealth of strategic, commercial, and significant transformational experience to the board. Reported Earnings • Jul 23
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down US$139.5m from profit in 1H 2021). Profit margin: (down from 9.4% in 1H 2021). Over the next year, revenue is forecast to grow 70%, compared to a 150% growth forecast for the industry in the United Kingdom. Board Change • May 31
High number of new directors Independent Non Executive Director Raj Agrawal was the last director to join the board, commencing their role in 2021. Board Change • Apr 27
High number of new directors Independent Non Executive Director Raj Agrawal was the last director to join the board, commencing their role in 2021. Reported Earnings • Feb 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.51 (up from US$0.08 loss in FY 2020). Revenue: US$3.35b (up 15% from FY 2020). Net income: US$308.7m (up US$354.8m from FY 2020). Profit margin: 9.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 62%, compared to a 525% growth forecast for the insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Jul 25
First half 2021 earnings released: EPS US$0.24 (vs US$0.022 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$1.48b (up 12% from 1H 2020). Net income: US$139.5m (up US$152.2m from 1H 2020). Profit margin: 9.4% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • May 25
Independent Chairman recently bought UK£50k worth of stock On the 20th of May, David Roberts bought around 17k shares on-market at roughly UK£2.95 per share. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of UK£99k worth in shares. Executive Departure • Mar 31
Independent Non-Executive Director has left the company On the 26th of March, John Sauerland's tenure as Independent Non-Executive Director ended after 4.9 years in the role. As of December 2020, John personally held 30.00k shares (UK£110k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Mar 30
Independent Non-Executive Director has left the company On the 26th of March, John Likierman's tenure as Independent Non-Executive Director ended after 6.0 years in the role. As of December 2020, John personally held 20.00k shares (UK£73k worth at the time). A total of 3 executives have left over the last 12 months. Reported Earnings • Feb 06
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$2.91b (up 10% from FY 2019). Net loss: US$46.1m (down 120% from profit in FY 2019). Combined ratio: 109.0% (up from 100.0% in FY 2019). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improved over the past week After last week's 19% share price gain to US$3.69, the stock is trading at a trailing P/E ratio of 29.3x, up from the previous P/E ratio of 24.7x. This compares to an average P/E of 15x in the Insurance industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 29%.