Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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 Board Change • Dec 30
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Group CFO & Executive Director Barbara Jensen 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. Tillkännagivande • 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. New Risk • Sep 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Aug 09
First half 2024 earnings released: EPS: US$0.87 (vs US$0.43 in 1H 2023) First half 2024 results: EPS: US$0.87 (up from US$0.43 in 1H 2023). Revenue: US$2.75b (up 21% from 1H 2023). Net income: US$571.6m (up 101% from 1H 2023). Profit margin: 21% (up from 13% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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 German dividend payers (5.0%). Lower than average of industry peers (4.1%). Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: US$1.55 (vs US$0.26 in FY 2022) Full year 2023 results: EPS: US$1.55 (up from US$0.26 in FY 2022). Revenue: US$4.87b (up 41% from FY 2022). Net income: US$1.03b (up US$866.0m from FY 2022). Profit margin: 21% (up from 4.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Tillkännagivande • 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 Tillkännagivande • Jan 30
Beazley plc, Annual General Meeting, Apr 25, 2024 Beazley plc, Annual General Meeting, Apr 25, 2024. Tillkännagivande • 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. Tillkännagivande • 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. Reported Earnings • Sep 08
First half 2023 earnings released: EPS: US$0.43 (vs US$0.49 in 1H 2022) First half 2023 results: EPS: US$0.43 (down from US$0.49 in 1H 2022). Revenue: US$2.27b (up 24% from 1H 2022). Net income: US$284.1m (down 3.6% from 1H 2022). Profit margin: 13% (down from 16% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Tillkännagivande • 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 03
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 16% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in Germany. 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 8% per year, which means it is significantly lagging earnings growth. Board Change • Mar 01
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. Tillkännagivande • Feb 09
Beazley plc, Annual General Meeting, Apr 25, 2023 Beazley plc, Annual General Meeting, Apr 25, 2023. Tillkännagivande • 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. Tillkännagivande • Dec 13
Beazley plc Announces Board Changes Beazley plc announced that on 9 December 2023 the board approved the proposal to split its existing audit and risk committee into a separate audit committee and risk committee from 1 January 2023. With effect from 1 January 2023 the composition of these new board committees will be: Audit committee: John Reizenstein (chair); Raj Agrawal; Cecilia Reyes Leuzinger; Fiona Muldoon; Bob Stuchbery. Risk committee: Bob Stuchbery (chair); Pierre-Olivier Desaulle; Nicola Hodson; Cecilia Reyes Leuzinger; Fiona Muldoon; John Reizenstein. Tillkännagivande • Nov 18
Beazley plc has completed a Follow-on Equity Offering in the amount of £350.514348 million. Beazley plc has completed a Follow-on Equity Offering in the amount of £350.514348 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,959,017
Price\Range: £5.75
Transaction Features: Subsequent Direct Listing Tillkännagivande • Nov 08
Beazley plc Announces Board Changes Beazley plc announced that Fiona Muldoon is appointed as the representative of the employee voice on the board with effect from 4 November 2022, replacing Robert Stuchbery in this position. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 15% share price gain to €6.35, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Insurance industry in Germany. Total returns to shareholders of 8.0% over the past three years. 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 22% growth forecast for the industry in Germany. Tillkännagivande • Jul 22
Beazley plc Announces Board Changes Beazley plc announces that its chair, David Roberts will be standing down from the board in autumn 2022 to take up the role as chair of the Court of the Bank of England. The Company will update the market with precise timing when this is known. Upon David's departure, Christine LaSala*, the senior independent director will chair the board and the nomination committee on an interim basis, Bob Stuchbery will act as interim senior independent director, and Nicola Hodson will act as interim chair of the remuneration committee whilst the search for a replacement board chair is undertaken. When a chair is appointed, the directors will resume their usual responsibilities. Tillkännagivande • Jun 01
Beazley plc Announces Directorate Appointments Beazley plc announced that the board has appointed Fiona Muldoon and Cecilia Reyes as independent non-executive directors with effect from 31 May 2022. Fiona will become a member of the Audit & Risk committee and Cecilia will become a member of the Audit & Risk committee and the Remuneration committee upon appointment. Fiona has over 25 years of strong leadership experience in the insurance industry in London, Dublin and Bermuda with a background in international property & casualty insurance gained through a long career at XL, as well as more recent experience as a public company CEO with FBD Holdings, a listed general insurer in Ireland. Fiona was also Director of Credit Institutions and Insurance Supervision at the Central Bank of Ireland for three years. Fiona is currently serving as an independent non-executive director at Bank of Ireland Group where she is also Chair of the Responsible & Sustainable Business committee and a member of the Audit, Remuneration and Nomination & Governance Committees. In addition to her role on the Group Board, Fiona is an independent non-executive director and Chair of the Audit Committee of New Ireland Assurance Company plc, a wholly owned Life insurance subsidiary of Bank of Ireland Group. Cecilia has broad insurance experience with deep expertise in investment management and risk having served for over 25 years in banking and insurance covering Europe, Asia Pacific and the Americas. Cecilia has extensive leadership experience including eight years on the group executive committee at Zurich Insurance Group where she held roles of both Chief Investment Officer and Chief Risk Officer at different times during her tenure. Cecilia is currently serving as a non-executive director of abrdn plc where she is also a member of the Risk & Capital and Remuneration committees. Cecilia is also a member of the Supervisory Board of NN Group NV where she is Chair of the Risk committee and a member of the Remuneration committee. 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. Tillkännagivande • Apr 27
Beazley plc Appoints Raj Agrawal as A Member of the Remuneration Committee with Immediate Effect Beazley plc announces that the board has appointed Raj Agrawal, an independent non-executive director since 1 August 2021, as a member of the Remuneration Committee with immediate effect. Tillkännagivande • Feb 25
Beazley plc, Annual General Meeting, Mar 25, 2022 Beazley plc, Annual General Meeting, Mar 25, 2022, at 14:30 Coordinated Universal Time. Location: 22 Bishopsgate London United Kingdom 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 15% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. 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 12% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jun 17
Beazley Extends Telehealth Offering with Launch of Interactive Regulatory Map and Credentialing Risk Management Tools Beazley has extended its risk management offering for the telehealth sector with new tools designed to help navigate the complex digital health regulatory landscape. In partnership with law firm BakerHostetler, Beazley has created a multi-layered interactive digital map that provides detailed information on the state-by-state laws governing the provision of telehealth services across the United States. Using up-to-date research and data points, the map clearly highlights regional variances in legislation and guidelines to help brokers and telehealth professionals to navigate the complexities of providing cross-state remote healthcare services. The digital map, available here, includes data points on all 50 states including the following: Who can be a telehealth provider; Practice standards; Licensure requirements; Accepted modalities (audio, video, mobile); Excluded services; Additional reimbursement potential; Potential COVID-19 waivers; Existence of active patient compensation funds. The map will be refreshed to reflect changes to the regulatory landscape, which has evolved more rapidly since the start of the pandemic as state regulators responded to the surge in demand and need for remote healthcare. The map is accessible via Beazley’s website and Virtual Care customer portal, in addition to existing risk management advice and information tailored to digital health clients and brokers. Risk management services form an essential part of Beazley’s offering to the digital health and wellness space, aimed at helping to mitigate and manage the complex web of commercial risks facing the sector. Easier, compliant credentialing: Also now available via the Virtual Care customer portal exclusively for clients and brokers, are credentialing and re-credentialing checklists designed to help telehealth professionals remain compliant and in the strongest position to mitigate and defend against claims. These documents enable telehealth providers to ensure all processing of newly employed or prospective employees, physicians and other level practitioners meets compliance requirements thus reducing the risk of professional liability or malpractice claims. The credentialing documents have also been designed in response to a recent poll of hundreds of digital health and wellness leaders commissioned by Beazley. According to Beazley’s Spotlight on: digital health and wellness report, the ability to recruit and check the credentials of practitioners sits alongside economic uncertainty as the business risk that industry leaders in the US are most concerned about. Recent Insider Transactions • May 23
Independent Chairman recently bought €57k worth of stock On the 20th of May, David Roberts bought around 17k shares on-market at roughly €3.42 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 €112k 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 (€121k 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 (€81k worth at the time). A total of 3 executives have left over the last 12 months. Tillkännagivande • Mar 10
Beazley Launches D&O Product Suite for Us-Domiciled SPACs Beazley has launched a directors’ and officers’ (D&O) product suite designed specifically for US-domiciled Special Purpose Acquisition Companies (SPACs). Beazley’s new D&O products for SPACs offer dedicated coverage for either the individuals, or the entity and individuals combined, to provide greater transparency and clarity about insurance coverage, from the initial public offering (IPO) to the initial business combination. The specialized needs of SPACs have historically been met through endorsements to existing D&O coverages. Jim Rizzo, Beazley Executive Risk underwriter and a SPAC expert who has underwritten these risks for two decades, is leading the initiative supported by a seasoned team of underwriters based in the US and London. 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). Tillkännagivande • Feb 06
Beazley plc Not to Pay Second Interim Dividend for 2020 Beazley plc announced that the company is not paying a dividend, second interim dividend for 2020 due to the losses. Tillkännagivande • Dec 12
Beazley plc Appoints Pierre-Olivier Desaulle as Non-Executive Director, Effective from 1 January 2021 Beazley plc announced that the board has appointed Pierre-Olivier Desaulle as a non-executive director with effect from 1 January 2021. Mr. Desaulle has been serving as a non-executive director on the Company's subsidiary board, Beazley Insurance dac since November 2017. He is the former CEO of Hiscox Europe and has held other senior positions within the industry. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 21% share price gain to US$4.03, the stock is trading at a trailing P/E ratio of 32.7x, up from the previous P/E ratio of 27.1x. This compares to an average P/E of 11x in the Insurance industry in Germany. Total return to shareholders over the past year is a loss of 34%. Is New 90 Day High Low • Oct 30
New 90-day low: €3.31 The company is down 27% from its price of €4.53 on 31 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.02 per share. Recent Insider Transactions • Oct 07
Independent Chairman recently bought €55k worth of stock On the 28th of September, David Roberts bought around 16k shares on-market at roughly €3.52 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 €113k worth in shares. Recent Insider Transactions • Oct 04
Independent Chairman recently bought €55k worth of stock On the 28th of September, David Roberts bought around 16k shares on-market at roughly €3.52 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 €113k worth in shares. Recent Insider Transactions • Sep 29
Independent Chairman recently bought €55k worth of stock On the 28th of September, David Roberts bought around 16k shares on-market at roughly €3.52 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 €113k worth in shares. Tillkännagivande • Sep 26
Beazley plc Announces Board Appointments Beazley plc announced that the board has appointed Nicola Hodson as a member of the Remuneration committee and John Reizenstein as a member of the Nomination committee. Both appointments are with immediate effect. Is New 90 Day High Low • Sep 23
New 90-day low: €3.78 The company is down 16% from its price of €4.50 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.66 per share. Tillkännagivande • Jul 23
Beazley plc Not to Declare a First Interim Dividend for the Six Months Ended 31 December 2019 Beazley plc announced that its board has taken the decision not to declare a first interim dividend in respect of the six months to 30 June 2020 compared to a dividend of 4.1 pence paid a year ago.