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Beazley increases its 2018 interim dividend by 5.4%

Investment Tools Ltd.
Beazley increases its 2018 interim dividend by 5.4%

Beazley 2018 interim results

Profit before tax of $57.5m (30 June 2017: $158.7m)

·      Return on equity of 6% (30 June 2017: 18%)

·      Gross premiums written increased by 15% to $1,323.8m (30 June 2017: $1,149.3m)

·      Combined ratio of 95% (30 June 2017: 90%)

·      Rate increase on renewal portfolio of 3% (30 June 2017: reduction of 2%)

·      Prior year reserve releases of $48.1m (30 June 2017: $83.4m)

·      Net investment income of $8.0m (30 June 2017: $79.4m)

·      First interim dividend of 3.9p (30 June 2017: 3.7p)

 

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