Beazley Share Discussion Threads

[krutt] 23/2/2021 13:48

(Investors Chronicle) Insurer Beazley had a difficult 2020 owing to a “deteriorating claims environment” and weak investment returns. Full year numbers “spelled this out in black and white”, but it wasn’t all bad news. The results defied the “gloomiestR21; of forecasts. And because it cancelled its dividend last year, its surplus capital is sitting at a comfortable $476m, ensuring that claims will be covered comfortably. There is scope for an increase in premiums of between 15% to 20% in 2021. The firm’s recovery has been faster and stronger than the market was predicting, but it remains undervalued. Buy. 361p.

[blackdown2] 23/2/2021 07:08

Not sure. However, if you look at the sales, they are all the same proportion of the shares awarded, which implies that they are being sold to meet the tax liability.

[bigstakker] 22/2/2021 19:01

Thanks for that info Blackdown2 - it would make sense but is there any way of checking that?

[blackdown2] 22/2/2021 08:15

I think you will find that the sells were to fund tax payments due following the exercise of share options.

[bigstakker] 21/2/2021 20:44

Hi. I agree with people who think this appears to be a good buy - but why have the last few director deals (9th to 15th Feb, 6 in total) all been sells? Is this significant info or just noise on the line? (Sells can be for a number of reasons of course I know).

[thewheeliedealer] 17/2/2021 21:53

Hi everyone, My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast last week and part of our discussion includes the outlook for Insurance Stocks like BEZ, particularly with Premium Rates rising. As always we also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management. We also start off with quite a bit about the overall Markets and where they are most likely heading. Anyway, if you use Youtube, Apple, Audioboom, Overcast, Google+ or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 42) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !! Cheers, WD @wheeliedealer hTTps://soundcloud.com/user-479955511/conkers3-wheeliedealer-42-1400-return-pton-bynd-tstl-sdi-ua-rbgp-mano-duke-gaw-heiq

[topvest] 13/2/2021 15:22

Fair points, although you may have missed the boat by then. I quite like insurers at this stage as they tend to be counter cyclical and valuations in some areas of the market are crazy and overdue a very sizeable correction. Insurers tend to do better when stock markets fall.

[harleymaxwell] 13/2/2021 14:36

dont disagree it is a well run company - just think covid claims have yet to fully crystallise for many insurers and true exposure not yet known . maybe in a couple of years when the dust settles .

[blackdown2] 11/2/2021 09:53

Agreed. Good prospects here for the patient investor.

[topvest] 11/2/2021 09:43

I've doubled up today. Prospects should be improving strongly and Beazley are a very well run company.

[harleymaxwell] 10/2/2021 16:38

guess lancashire's result not helped here

[alex1621] 08/2/2021 11:09

Sure, but the tone of the CEO's words seemed very upbeat, so I'm not anticipating that kind of surprise.

[harleymaxwell] 06/2/2021 23:43

The concern would be if there is nit enough reinsurance cover in place for the COVID claims then the net loss will go up not specifically here but for all insurers....

[mach100] 05/2/2021 15:39

Well done cap and at least you have the cover of your cap if it goes wrong. Very refreshing to see the honesty in their update today and some of their clients could probably learn a lesson from it when they fill in their claim forms. They haven't been idle since they discovered they had made a wrong call in the summer and good to see they have introduced real organisational change as a result. The divi reintroduction is a clever marketing move and this will recover to 500p in the absence of any mishaps. Shorter term it is hard to judge whether profit takers will send it lower Monday. I wish I had picked some up at the lows but am equally pleased I didn't jettison any through these bumpy times.

[ifthecapfits] 05/2/2021 15:01

Very pleasing results considering and even more pleased with my timely purchase....for once.

[paulof2] 05/2/2021 09:00

Really solid update considering circumstances

[blackdown2] 05/2/2021 08:36

There is also the distinct possibility of further consolidation in the insurance industry.

[alex1621] 05/2/2021 08:14

That explains initial positive reaction.

[alex1621] 05/2/2021 08:13

Just to clarify, I'll show the actuals and then what RBC estimates were. These were taken from an article in the Investors Chronicle on 7 Jan 2021.Actual loss before tax = ($50.4m)Actual eps = (6.3p)Actual gross premium written = $3.56 billion, up 19%.RBC forecastLoss before tax = ($80m)EPS = (11.8p)Gross premium written = 3.46 billion.And dividend payments in 2021, so reinstated.

[thebutler] 05/2/2021 08:03

Market likes it, promising open. A great time to have a punt on BEZ whilst it's so low. GLA.

[alex1621] 05/2/2021 07:58

Looks like the loss before tax and negative eps is lower than the estimate of RBC quoted in the last Investors Chronicle update, added to that 19% premium increase is greater than the previous update of 16%. I'm no expert in insurance but on the face of it the result is better than feared. I've no idea what that means for share price

[paulof2] 04/2/2021 23:35

Indeed been surprisingly quiet here but tends to be a good sign. Expecting a positive outlook here tomorrow. GLA

[ifthecapfits] 04/2/2021 15:51

Agreed. Avoid the loons. lol.

[alex1621] 04/2/2021 14:06

A quiet board is a good sign.

[thaiger] 04/2/2021 13:36

Awaiting final result tomorrow!