Beazley H1 results will be issued tomorrow. Be interesting to see whether revenues and profits continued growth continues.Revenue - 3,003m to 5,442m over last 5 years (nearly doubled)Profits - 234m to 1,026m over last 5 years (quarupled)Shareprice sideways 600pPE Ratio of 5Share buyback in progress |
Ouch, not a good day to insure against cyber-threats. |
If this is a hurricane-induced dip in the price, could be a bit of an opportunity.. as I don't think Beazley has much nat cat exposure? |
2 year high on the share price.... |
I can't answer that, special dividends make no sense to me. Berkshire Hathaway has never paid a dividend and insurance is right at the heart of the company. My ideal returns policy for any company is a modest quarterly dividend supplemented by buy backs. The dividend covers the cost of holding the shares plus some and the buy back means there is always some form of market for the share. The 2/3 1/3 dividend policy of many UK companies is absurd but is not quite the worst only because of some foreign companies that pay a single large annual dividend. |
Thanks hpcj for your comments about special divis versus buy backs.Why not therefore, pay no divi at all and "create more value"?In the past Beazley paid some special dividends.Why has the policy changed?I bet the brokers, who are handling the multiplicity of daily buy back trades, are rubbing their hands wirh glee.Good luck to us all! |
Pay a largish divi and the share price will go down much further than the dividend paid. The buy backs are doing their job, they are supporting the price and increasing holders ownership of the company while the company generates value. |
Sorry for the nasty spelling."Improved". |
This must be the most boring share. Approx 17m shares have been bought in for about £100m. This has taken 3 months and it has not inproved the price. At this rate it will take them another 6 months to buy in shares worth £300m.Surely it makes more sense to pay, at least some of the excess funds, as a special divi? |
Thanks for that bbd. Insurance stocks undergoing a rotation of shareholder style at the moment I think as deep value investors exit and a more conservative cohort moves in. |
BARCLAYS RAISES BEAZLEY PLC PRICE TARGET TO 910 (790) PENCE - 'OVERWEIGHT' |
Quality share and a long term hold. |
Great results!Beazley PLC Beazley plc results for year end 31 December 2023Source: RNS Regulatory NewsRNS Number : 9632FBeazley PLC07 March 2024Beazley delivers record profit of $1.25 billion. London, 7 March 2024 Beazley plc results for period ended 31 December 2023 Profit before tax increased to $1,254.4m (2022: $584.0m) Insurance written premiums increased to $5,601.4m (2022: $5,246.3m) Net insurance written premiums increased to $4,696.2m (2022: $3,772.4m) Undiscounted combined ratio of 74% (2022: 82%), Discounted combined ratio of 71% (2022: 79%) Return on equity of 30% (2022: 19%) High single digit gross IWP growth for FY 2024 Low 80s undiscounted combined ratio for FY 2024 Interim dividend of 14.2p Launch of a share buyback programme of up to $325m Barbara Plucnar Jensen has been appointed as Beazley's Chief Financial Officer (CFO), effective 1 May 2024 |
I think it was 13.5p last year. |
35p plus an ordinary divi of 25p? Can we expect 60p in april/may? Good luck to all us long term holders! |
Excellent RNS news today Beazley plc announces an update to guidance on undiscounted combined ratio, which has improved from low-80s to mid-70s for 2023. This is as a result of better than expected claims experience during the year.As well as an ordinary dividend, shareholders will receive an additional capital return in respect of 2023. This is expected to be around $300m.The company will announce its year end results on 7 March when the quantum and method of additional return will be confirmed.Interesting times! Glad I have been invested over last few years looking good.At 672m shares based on guidance works as a one off 30 to 35p approx return. |
Beazley plc posted interims for the HY ended 30th June yesterday. Insurance written premiums increased to $2,921.1m (2022HY: $2,574.3m), profit before tax increased to $366.4m (2022HY: $364.9m), the Group’s undiscounted combined ratio pushed up to 88% (2022HY: 74%), in line with previous guidance. The investment team achieved a strong investment result of $143.9m (30 June 2022: loss of $193.0m) or 3.0% annualised (30 June 2022: loss of 5.0%). Valuation is very attractive with forward PE ratio at 5.5x. Share price lacks near term momentum, other than that BEZ is a solid, growing and profitable insurance company which has made its way into the FTSE100. BUY...
...from WealthOracle |
Results look OK to me but market has taken share price to a 1 yr low. |
Took a few at 518 ; like a share with a quiet BB. |
 Beazley PLC Trading Statement for six months to 30 June 2023Source: UK Regulatory (RNS & others)TIDMBEZRNS Number : 3315HBeazley PLC27 July 2023Beazley delivers strong growth in first half of the yearLondon, 27 July 2023Beazley plc trading statement for the six months ended 30 June 2023Overview (on an IFRS 4 basis)-- Gross premiums written increased by 13% to $2,894.1m (H1 2022: $2,554.9m) -- Net premiums written increased 28% to $2,290.2m (H1 2022: $1,795.9m) -- Premium rates on renewal business increased by 5% (H1 2022: 18%) -- Net income from investments of $143.8m or 1.5% as at 30 June 2023 (H1 2022: loss of $193.0m)-- Growth guidance of mid teens gross premiums written and mid 20s net premiums written remains for 2023 full yearAdrian Cox, Chief Executive Officer, said:"The excellent conditions in the property market persisted into the second quarter and we continued to take advantage of those, delivering a strong performance on growth for the group in the first half of 2023.With premium written in line with our expectations, we are confident of delivering our growth guidance for the year |
Well worth a read -
FT Alphaville Beazley PLC Why don’t Beazley’s numbers add up? To NAV and NAV-not |
Could be a good time to short this....ftse at all time highs and recession looming |
And all of a sudden the c50p walk down of the share price after open until close on the day of the trading statement makes sense - they wall-crossed a bunch of people immediately afterwards and word started leaking out and trading took place would be my guess.
Will the FCA investigate? Will they hell... |
Interesting company, come up on Primary Bid today. I will put in for a few. |
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