Transcription of Press Release
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Press Release Beazley returns to profit delivering 22% top line growth London, 23 July 2021. Beazley plc results for period ended 30 June 2021. Profit before tax of $ (30 June 2020: Loss before tax of $ ). Return on equity (annualised) of 15% (30 June 2020: (1%)). Gross premiums written increased by 22% to $2, (30 June 2020: $1, ). Combined ratio of 94% (30 June 2020: 107%). Rate increase on renewal portfolio of 20% (30 June 2020: increase of 11%). Prior year reserve releases of $ (30 June 2020: $ ). Net investment income of $ (30 June 2020: $ ). No interim dividend (30 June 2020: nil). Period ended Period ended %. 30 June 2021 30 June 2020 movement Gross premiums written ($m) 2, 1, 22%. Net earned premiums ($m) 1, 1, 14%. Profit/(loss) before tax ($m) ( ). Earnings/(loss) per share (pence) ( ).
the London market. The book is on course to hit its plan this year with 12% rate increase and half year gross premium at $88.8m (H1 2020: $60.7m), growing by 46%. A planned Economic, Social and Governance (ESG) Consortium that aims to provide additional capacity to clients that perform particularly well
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