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    Beazley delivers increased premium, profits and dividends

    • Profit before tax of $284.0m (2014: $261.9m)
    • Return on equity of 19% (2014: 17%)
    • Gross premiums written increased by 3% to $2,080.9m (2014: $2,021.8m)
    • Combined ratio of 87% (2014: 89%)
    • Rate reduction on renewal portfolio of 2% (2014: reduction of 2%)
    • Prior year reserve releases of $176.3m (2014: $158.1m)
    • Net investment income of $57.6m (2014: $83.0m)
    • Second interim dividend of 6.6p (2014: 6.2p), taking full year dividends for the year to 9.9p (2014: full year 9.3p). Special dividend of 18.4p (2014: 11.8p)

    Year ended
    31 December 2015
    Year ended
    31 December 2014
    % movement
    Gross written premiums ($m) 2,080.9 2,021.8 3%
    Net written premiums ($m) 1,713.1 1,732.7 (1%)
    Profit before tax ($m) 284.0 261.9 8%
    Earnings per share (pence) 31.9 26.1 22%
    Net assets per share (pence) 186.5 170.3
    Net tangible assets per share (pence) 174.8 158.3
    Dividend per share (pence) 9.9 9.3 6%
    Special dividend (pence) 18.4 11.8 56%
    Andrew Horton, Chief Executive Officer, said: "Beazley increased both premiums and profits in 2015, delivering excellent returns for shareholders despite low investment returns and declining premium rates. We see the recent M&A driven market consolidation as benefiting our business by increasing our attractiveness to the talented, entrepreneurial individuals on whom we rely for our success. I'm also delighted that we have completed the preparations to return our head office to London and we will be putting this to a shareholder vote in March."