Alternative performance measure NAVps update

RNS Number : 2215S

Beazley PLC

07 March 2023

 

Beazley plc

London, 7 March 2023

Alternative performance measure correction NAVps - update

Further to the announcement dated 6 March 2023, the Company can now confirm the following amended information:

	£		Fixed pay				Pay for performance
			Salary	Benefits	Pension	Total fixed pay	Total annual bonus	Long term incentives (LTI)	Total variable pay	Total remuneration
Adrian P Cox	Revised	2022	525,250	19,760	65,656	610,666	787,875	106,663	894,538	1,505,204
	Original	2022	525,250	19,760	65,656	610,666	787,875	245,127	1,033,002	1,643,668
	Adjustment	2022	0	0	0	0	0	-138,464	-138,464	-138,464
Sally M Lake	Revised	2022	414,000	2,938	45,960	462,898	621,000	71,190	692,190	1,155,089
	Original	2022	414,000	2,938	45,960	462,898	621,000	179,310	800,310	1,263,208
	Adjustment	2022	0	0	0	0	0	-108,120	-108,120	-108,119
1. The LTI figures for 2022 have been calculated using the average share price in the last three months of 2022 of 630.7p.

For further information please contact:

Beazley plc

Christine Oldridge

[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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