Company Announcements

Alternative performance measure NAVps update

Source: RNS
RNS Number : 2215S
Beazley PLC
07 March 2023
 

 

 

Beazley plc

 

London, 7 March 2023

 

 

Alternative performance measure correction NAVps - update

Further to the announcement dated 6 March 2023, the Company can now confirm the following amended information:



































£


Fixed pay

Pay for performance


Salary

Benefits

Pension

Total fixed pay

Total annual bonus

Long term
incentives (LTI)

Total variable pay

Total remuneration

Adrian P Cox

Revised

2022

525,250

19,760

65,656

610,666

787,875

106,663

894,538

1,505,204

Original

2022

525,250

19,760

65,656

610,666

787,875

245,127

1,033,002

1,643,668

Adjustment

2022

0

0

0

0

0

-138,464

-138,464

-138,464























Sally M Lake

Revised

2022

414,000

2,938

45,960

462,898

621,000

71,190

692,190

1,155,089

Original

2022

414,000

2,938

45,960

462,898

621,000

179,310

800,310

1,263,208

Adjustment

2022

0

0

0

0

0

-108,120

-108,120

-108,119

1. The LTI figures for 2022 have been calculated using the average share price in the last three months of 2022 of 630.7p.

 

 

For further information please contact:

 

Beazley plc

Christine Oldridge

 

+44 (0)20 7674 7758

 

 

Note to editors:

Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, North America, Latin America and Asia. Beazley manages seven Lloyd's syndicates and, in 2022, underwrote gross premiums worldwide of $5,268.7million. All Lloyd's syndicates are rated A by A.M. Best.

Beazley's underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd's.

Beazley's European insurance company, Beazley Insurance dac, is regulated by the Central Bank of Ireland and is A rated by A.M. Best and A+ by Fitch.

Beazley is a market leader in many of its chosen lines, which include Professional Indemnity, Cyber Liability, Property, Marine, Reinsurance, Accident and Life, and Political Risks and Contingency Business.

For more information please go to: www.beazley.com

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