- Beazley announced a full-year pretax profit of $1.42 billion, surpassing the estimate of $1.32 billion.
- Cyber Risks gross premiums written stood at $1.28 billion, slightly exceeding the predicted $1.23 billion.
- MAP Risks gross premiums written came in at $950.3 million, beating the estimated $945.3 million.
- Property Risks gross premiums written were significantly higher at $1.70 billion, compared to the $945.3 million estimate.
- Specialty Risks gross premiums written reached $1.99 billion, above the projected $1.89 billion.
- Net investment income was $574.4 million, outperforming the expected $549.4 million.
- The reported combined ratio was 74.8%, an improvement over the estimated 76.4%.
- Return on Equity was 26.6%, higher than the anticipated 24.9%.
- The current analyst consensus includes 14 ‘buy’ ratings, 1 ‘hold’, and no ‘sell’ recommendations.
A look at Beazley PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Beazley PLC shows a promising long-term outlook. With a strong score of 5 for Growth and Momentum, the company is positioned well for future expansion and market performance. Beazley’s focus on growth potential and robust market momentum indicate positive prospects in the insurance sector.
Moreover, Beazley PLC demonstrates high resilience with a score of 4, reflecting its ability to withstand challenges and navigate through uncertainties effectively. While the Dividend score is moderate at 2, the overall outlook for Beazley remains optimistic due to solid scores in key areas such as Growth, Resilience, and Momentum.
### Beazley PLC is a holding company of specialist insurance businesses. The Company offers professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency insurance services. Beazley operates in Europe, the United States, and the Pacific region. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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