Press Release

Beazley plc 2022 Annual Report and Accounts now available

London, 13 March 2023

Beazley plc is pleased to announce that the Annual Report and Accounts for the year ended 31 December 2022 are available on its website at Reports, Presentations and Webinars - Beazley

Beazley announced its final results for the year ended 31 December 2022 on 2 March 2023.  The final results reported an alternative performance measure of net assets per share that had been calculated using the weighted average of shares for the year.  This alternative performance measure was used by Beazley to determine the LTIP awards for Adrian Cox and Sally Lake that were initially approved by the Remuneration Committee and included in the Directors Remuneration Report.

It had been intended that the alternative performance measure would be calculated using the number of shares at 31 December 2022, rather than using the weighted average of shares for the year.  On 7 March 2023, Beazley published an RNS entitled 'Alternative performance measure correction NAVps' , which provided updated information on the net asset value per share calculation.  On 8 March 2023, Beazley published an RNS entitled 'Alternative performance measure correction NAVps - update', which provided updated information on the LTIP awards for Adrian Cox and Sally Lake once the Board had considered the updated net asset value per share calculation.  

This final version of the 2022 Annual Report and Accounts, which is now available on Beazley's website, reflects the updated figures set out in the RNSs published on 7 and 8 March 2023.

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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