BEAZLEY UNDERWRITING LIMITED
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Cash
—
Latest balance sheet
Net assets
£652m
USD 878,200,000
-12.4% vs 2024
Employees
0
Average over period
Profit before tax
£243m
USD 327,600,000
-23.9% lowest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Gross written premiums | £3,635,629,118 | £3,502,626,552 | £2,539,220,779 | -27.5% | |
| Net earned premiums | £2,222,701,600 | £2,566,857,689 | £2,157,328,386 | -16% | |
| Claims incurred | £1,187,245,058 | £1,427,968,800 | £1,243,858,998 | -12.9% | |
| Investment return | £225,525,573 | £289,716,651 | £268,200,371 | -7.4% | |
| Profit before tax | £297,536,869 | £319,643,426 | £243,116,883 | -23.9% | |
| Net profit | £223,799,812 | £280,085,960 | £157,922,078 | -43.6% | |
| Insurance contract liabilities | £6,958,032,633 | £7,215,536,453 | £6,377,959,184 | -11.6% | |
| Total assets | £9,746,470,035 | £10,105,221,267 | £8,333,951,763 | -17.5% | |
| Total liabilities | £9,288,986,508 | £9,361,031,519 | — | — | |
| Equity | £457,483,527 | £744,189,748 | £651,725,417 | -12.4% | |
| Average employees | 0 | 0 | 0 | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 95.3% | 92.6% | 92.2% |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and therefore believe that the Company is well placed to manage its business risks successfully. Accordingly, they continue to adopt the going concern basis”
Significant events
- “On 2 March 2026, the Boards of Beazley plc and Zurich Insurance Group Ltd ('Zurich') announced that they had agreed the terms of a recommended offer by Zurich to purchase the entire issued and to be issued share capital of Beazley plc...”
- “In June 2026 the Company received a distribution relating to its participations on the 2023 year of account of syndicates 2623 and 5623 of $842.8m. At the same point the Company settled a liability relating to the 2023 year of account with Beazley Insurance dac of $476.1m.”
- “Subsequent to the reporting date, the Board considered and approved a dividend of $313.1m from the distributable reserves of Beazley Underwriting Ltd”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEAZLEY CORPORATE GOVERNANCE SERVICES LIMITED | Corporate Secretary | 2025-09-29 | — | — |
| CALLIDUS SECRETARIES LIMITED | Corporate Secretary | 2018-03-26 | — | — |
| JOHNSON, Stuart Paul | Director | 2021-12-21 | Nov 1989 | British |
| RAYMENT, Steven David | Director | 2019-03-26 | Aug 1976 | British |
| STEVENS, Mark Philip David | Director | 2025-12-12 | Dec 1974 | British |
| WONG, Cheuk Chi Jessica | Director | 2024-07-30 | Jun 1980 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUTCHER, Helen Louise | Secretary | 2002-09-18 | 2002-12-31 |
| LEADENHALL INSURANCE CONSULTANTS LIMITED | Corporate Secretary | 2002-09-23 | 2017-08-29 |
| THE COMPANY REGISTRATION AGENTS LIMITED | Corporate Nominee Secretary | 2002-09-18 | 2002-09-18 |
| BEAZLEY, Andrew Frederick | Director | 2002-09-23 | 2010-10-13 |
| BRIDE, Martin Lindsay | Director | 2009-07-23 | 2019-05-30 |
| COOPE, Sian Annette | Director | 2009-07-23 | 2016-09-02 |
| COULTON, Louise Hazel | Director | 2016-09-02 | 2017-09-08 |
| HORTON, David Andrew | Director | 2005-03-22 | 2012-12-06 |
| LAKE, Sally Michelle | Director | 2019-04-10 | 2024-06-30 |
| MANNERS, Arthur Roger | Director | 2002-09-23 | 2009-08-28 |
| MCGONIGLE, Richard John | Director | 2002-09-18 | 2002-12-31 |
| MOFFATT, John Scott | Director | 2012-12-06 | 2015-05-18 |
| OLDRIDGE, Christine Paula | Director | 2016-09-02 | 2025-08-07 |
| RAYMENT, Steven David | Director | 2019-02-12 | 2019-02-12 |
| STAFFORD, Olivia Leigh | Director | 2015-09-02 | 2018-12-14 |
| LUCIENE JAMES LIMITED | Corporate Nominee Director | 2002-09-18 | 2002-09-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Beazley Furlonge Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2016-04-06 |
| Beazley Furlonge Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 186 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-10 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2024-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-10 | AA | accounts | Accounts with accounts type full | |
| 2024-08-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-18 | CH01 | officers | Change person director company with change date | |
| 2023-05-24 | AA | accounts | Accounts with accounts type full | |
| 2023-04-17 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-04-12 | CH01 | officers | Change person director company with change date | |
| 2022-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-30 | AA | accounts | Accounts with accounts type full | |
| 2021-12-23 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.