Beazley’s profit before tax soars 115%


Beazley has reported its profit before tax leapt to $1.25bn (£984m) in 2023, a 115% increase on the year before.

It posted insurance written premiums of $5.6bn (£4.39bn) for 2023, a 7% increase on the year before. It saw rate increases of 4%, down from the year prior’s 14%.

The combined ratio improved to 71% from 79% in 2022.


Adrian Cox, CEO of Beazley, said: “The strength of Beazley’s expertise-led underwriting and claims management was the driver of the excellent combined ratio we achieved in 2023. 

“We believe that with increased demand for insurance that the accelerating risk environment is creating

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options


Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: