BEAZLEY UNDERWRITING LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors' assessment of the company's ability to continue to adopt the going concern basis of accounting included: Confirming our understanding of management's going concern assessment process and obtaining management's assessment which covers the period to 30 June 2026; Obtaining management-approved forecasts and assessing any unusual items in comparison to our expectations; Performing enquiries of management and those charged with governance to identify risks or events that may impact the company's ability to continue as a going concern; Understanding, through enquiries and review of support letter, the support provided to the company by its parent company and assessed the parent company's ability to provide further support if required, and; Assessing the appropriateness of the going concern disclosures by comparing the consistency with management's assessment and for compliance with the relevant reporting requirements. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for the period to 30 June 2026, being at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Through the syndicates on which it participates, the Company was impacted by the California wildfires which occurred in January 2025. The impact is not expected to be material. The Company continues to monitor the impact of this event.”
• “In June 2025 the Company received a distribution relating to its participations on the 2022 year of account of syndicates 2623 and 3623 of $671.1m. At the same point the Company settled a liability relating to the 2022 year of account with Beazley Insurance dac of $448.2m.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Gross written premiums

  -5%

  £3,435,656,042 → £3,262,194,218

• Net earned premiums

  +13.8%

  £2,100,444,774 → £2,390,659,748

• Profit before tax

  +5.9%

  £281,171,238 → £297,702,001

• Equity

  +60.3%

  £432,320,237 → £693,106,004

• Claims incurred

  +18.5%

  £1,121,942,179 → £1,329,948,110

• Insurance contract liabilities

  +2.2%

  £6,575,315,048 → £6,720,237,213

• Investment return

  +26.6%

  £213,120,830 → £269,829,503

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers