Beazley plc posted a profit before tax of approximately £369.9m for the six months ended 30th June 2025. This was down on the £536.5m reported for the same period last year. The carrier said insurance written premiums in H1 were £2,345.7m, up from £2,298.8m in H1 2024. Its undiscounted combined ratio for H1 2025 was 84.9%, which had slipped from the 80.7% recorded in H1 last year.

Adrian Cox, CEO of Beazley, said: "We are very proud of our overall performance. Growth of 2.0% reflects our disciplined approach and is fully aligned with our strategy of prioritising rate adequacy and long-term profitability over short-term income. This commitment to delivering strong profit through the market cycle is demonstrated by our 84.9% undiscounted combined ratio.

“Our depth of experience in operating within a cyclical environment means we know when to take risk, and when to pull back. This phase is no exception. As ever we are focused on accessing the right opportunities, backed by the strength of our people, platforms and product set, all of which underpin our ability to adapt with confidence during periods of elevated uncertainty."