Beazley returns to profit in H1 2021
Provider reports a COR of 94% as GWP rises by 22%.
Beazley has posted a pre-tax profit of $167.3m (£121.8m) for the six months to 30 June 2021, up from a loss of $13.8m in the first half of last year.
The provider also reported an improved combined operating ratio of 94%, compared to 107% in H1 2020.
In addition, Beazley’s gross written premium increased by 22% to $2.0bn (H1 2020: $1.7bn), and revenue rose to $1.5bn (H1 2020: $1.3bn).
The provider said in a statement that it has continued to take underwriting action to address
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