Beazley plc (OTCPK:BZLYF) Q4 2024 Earnings Call March 4, 2025 5:00 AM ET
Company Participants
Adrian Cox – Chief Executive Officer
Paul Bantick – Chief Underwriting Officer
Barbara Jensen – Chief Financial Officer
Conference Call Participants
Will Hardcastle – UBS
Abid Hussain – Panmure Liberum
Andrew Sinclair – Bank of America
Faizan Lakhani – HSBC
Ivan Bokhmat – Barclays
Andreas van Embden – Peel Hunt
Adrian Cox
Okay. Good morning, everyone. First of all, please enjoy your party favors that we have provided this morning. It’s a reward for turning up. For those of you who are dialing in online, unfortunately, we will not be able to send you a bag. But thank you for dialing in.
Unfortunately, as is always the way, I seem to have picked up a cold in the last couple of days. So if I have to sneeze, please excuse me, and I’ll try to make sure I mute myself before I do so. But I’m delighted to welcome you to our results presentation following what’s been record profits for the second year in a row with profits of just over $1.4 billion which allows us to return $700 million to shareholders this year through an increase in our dividend 25p and the share buyback program this year of $500 million.
It has been another challenging year for the industry and a more normalized attritional loss ratio for us in the second half of the year, alongside an active hurricane season as well as a number of systemic cyber events. But even with all this as a backdrop, and I’ll just move to the highlights slide. We have delivered an undiscounted combined ratio of 79%, which is within our guidance of around 80% that we provided at the half year. And I think that’s a testament both to our underwriting and our
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