Beazley Plc’s Gross premiums written increases by 16% for 9M 2020

 

Beazley Plc (LON: BEZ) has released the trading statement for the nine months period ended 30 September 2020.

  • Gross premiums written for the reported period increased by 16 per cent to $2,534 million as compared to $2,192 million for the period ended 30 September 2019.
  • Investments and cash increased by 15 per cent to $6,511 million as compared to $5,657 million for the same period last year.
  • Premium rates on renewal business increased by 14 per cent, while Covid-19 first-party loss estimate remains unchanged at $340m net of reinsurance.
  • On 6 November 2020, the stocks of the company declined by 1.57% from its previous closing, hovering at around GBX 310.00 at 09:39 AM GMT+1.

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