Alternative performance measure correction - NAVps

RNS Number : 0736S

Beazley PLC

06 March 2023

 

Beazley plc

London, 6 March 2023

Alternative performance measure correction - NAVps

The press release "Beazley plc results for year end 31 December 2022" published at 7.00am on the 2 March 2023, contained an error relating to the number of shares used to calculate two of our alternative performance metrics, net assets per share and net tangible assets per share. The original calculation had used the weighted average number of shares for the year ( excluding shares held in the employee benefit trust). This has been corrected to the closing number of shares as at 31 December 2022 ( excluding shares held in the employee benefit trust).

The table below sets out the corrected information:

	Period ended 31 December 2022
Net assets per share (pence)	315.6
Net tangible assets per share (pence)	299.8
Net assets per share (cents)	386.7
Net tangible assets per share (cents)	367.4
Number of shares	665.4

All other numbers within the RNS issued on 2 March 2023 and Annual Report and Accounts issued 3 March 2023 remain the same, save for those impacted by net asset per share within the Directors' Remuneration Report. These will be updated as soon as practicable within the Annual Report and Accounts. Executive Director payments will be made on the correct basis noted above.

For further information please contact:

Beazley plc

Sarah Booth

[phone]

Note to editors:

Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, North America, Latin America and Asia. Beazley manages seven Lloyd's syndicates and, in 2022, underwrote gross premiums worldwide of $5,268.7million. All Lloyd's syndicates are rated A by A.M. Best.

Beazley's underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd's.

Beazley's European insurance company, Beazley Insurance dac, is regulated by the Central Bank of Ireland and is A rated by A.M. Best and A+ by Fitch.

Beazley is a market leader in many of its chosen lines, which include Professional Indemnity, Cyber Liability, Property, Marine, Reinsurance, Accident and Life, and Political Risks and Contingency Business.

For more information please go to: www.beazley.com

 

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