Cash flow Beazley plc

Equities

BEZ

GB00BYQ0JC66

Property & Casualty Insurance

Market Closed - London S.E. Other stock markets 16:35:29 09/03/2026 GMT			5-day change	1st Jan Change
1,288.00 ^GBX	-0.08%		-0.23%	+54.81%

03-06	Fitch Maintains Zurich Insurance's Rating Ahead of Beazley Takeover	MT
03-05	Fitch Puts Beazley on Rating Watch Positive Ahead of Proposed Zurich Insurance Merger	MT

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Published financial data: BEAZLEY PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Premiums and Annuity Revenues	2.69B	3.15B	3.61B	4.32B	4.91B
Total Interest And Dividend Income	105M	70.6M	94.7M	450M	664M
Gain (Loss) on Sale of Investments, Total (Rev)	83M	45.8M	-274M	256M	227M
Other Revenues, Total	29.6M	28.1M	32.1M	78.5M	106M
Total Revenues	2.91B	3.29B	3.47B	5.1B	5.91B
Policy Benefits	1.96B	1.83B	1.96B	2.15B	2.67B
Policy Acquisition / Underwriting Costs, Total	739M	822M	952M	915M	1.01B
Selling General & Admin Expenses, Total	236M	283M	304M	366M	389M
Other Operating Expenses	-	-	-	-1.8M	-5.1M
Total Operating Expenses	2.93B	2.93B	3.21B	3.43B	4.07B
Operating Income	-21.6M	361M	254M	1.67B	1.84B
Interest Expense, Total	-40.2M	-38.9M	-38.7M	-420M	-412M
Income (Loss) on Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	11.2M	-7.2M	-24M	4.5M	-9.1M
Other Non Operating Income (Expenses)	-	-	-700K	-	-
EBT, Excl. Unusual Items	-50.6M	315M	191M	1.25B	1.42B
Gain (Loss) on Sale of Assets	-	54.4M	-	-	-
Other Unusual Items	200K	100K	-	-	-
EBT, Incl. Unusual Items	-50.4M	369M	191M	1.25B	1.42B
Income Tax Expense	-4.3M	60.5M	30.2M	228M	293M
Earnings From Continuing Operations	-46.1M	309M	161M	1.03B	1.13B
Net Income to Company	-46.1M	309M	161M	1.03B	1.13B
Net Income - (IS)	-46.1M	309M	161M	1.03B	1.13B
Net Income to Common Incl Extra Items	-46.1M	309M	161M	1.03B	1.13B
Net Income to Common Excl. Extra Items	-46.1M	309M	161M	1.03B	1.13B
Per Share Items
Net EPS - Basic	-0.08	0.51	0.26	1.55	1.75
Basic EPS - Continuing Operations	-0.08	0.51	0.26	1.55	1.75
Basic Weighted Average Shares Outstanding	574M	606M	612M	664M	646M
Net EPS - Diluted	-0.08	0.5	0.26	1.51	1.7
Diluted EPS - Continuing Operations	-0.08	0.5	0.26	1.51	1.7
Diluted Weighted Average Shares Outstanding	583M	614M	620M	678M	663M
Normalized Basic EPS	-0.06	0.32	0.2	1.18	1.38
Normalized Diluted EPS	-0.05	0.32	0.19	1.16	1.34
Dividend Per Share	-	0.17	0.16	0.18	0.31
Payout Ratio	-108.89	-	64.05	10.49	10.66
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	-9.8M	374M	258M	1.7B	1.86B
EBITA	-13M	369M	255M	1.69B	1.84B
EBIT	-21.6M	361M	254M	1.67B	1.84B
EBITDAR	-9.4M	379M	263M	-	-
Total Revenues (As Reported)	2.91B	3.35B	3.47B	-	-
Effective Tax Rate - (Ratio)	8.53	16.39	15.81	18.14	20.6
Total Current Taxes	6.4M	56.5M	43.3M	123M	247M
Total Deferred Taxes	-10.7M	4M	-13.1M	104M	46.6M
Normalized Net Income	-31.62M	197M	119M	784M	890M
Interest on Long-Term Debt	40.2M	38.9M	38.7M	34.7M	39.3M
Non-Cash Pension Expense	-	-	-300K	-200K	-100K
Supplemental Operating Expense Items
General and Administrative Expenses	236M	283M	304M	-	-
Net Rental Expense, Total	400K	5.2M	4.3M	-	-
Imputed Operating Lease Interest Expense	207K	2.51M	2.09M	-	-
Imputed Operating Lease Depreciation	193K	2.69M	2.21M	-	-
Stock-Based Comp., Other (Total)	3M	11.6M	15.7M	33.8M	40.1M
Total Stock-Based Compensation	3M	11.6M	15.7M	33.8M	40.1M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Investment In Equity and Preferred Securities, Total	300K	600K	400K	300K	200K
Trading Asset Securities, Total	6.33B	7.28B	8.31B	9.66B	10.6B
Total investments	6.33B	7.28B	8.31B	9.66B	10.6B
Cash And Equivalents	310M	592M	652M	593M	495M
Reinsurance Recoverable - (IS)	1.68B	2.39B	3.29B	2.43B	2.67B
Other Receivables - (Insurance Template)	1.58B	1.81B	2.02B	412M	704M
Deferred Policy Acquisition Costs - (BS)	385M	478M	550M	-	-
Gross Property Plant And Equipment	138M	123M	107M	-	-
Accumulated Depreciation	-32.4M	-28.3M	-31.8M	-	-
Net Property Plant And Equipment	106M	94.7M	75.4M	75.3M	78.7M
Goodwill	62M	62M	62M	62M	62M
Other Intangibles, Total	64.3M	61.5M	66.8M	103M	136M
Restricted Cash	-	-	-	219M	387M
Other Current Assets, Total	28.5M	7.6M	34.7M	66.4M	94.2M
Deferred Tax Assets Long-Term (Collected)	26.8M	16.3M	35.2M	46.9M	192M
Other Long-Term Assets, Total	4.8M	18.1M	4.6M	4.5M	4M
Total Assets	10.59B	12.81B	15.1B	13.67B	15.42B
Liabilities
Accrued Expenses, Total	172M	230M	277M	98.9M	79.1M
Insurance And Annuity Liabilities	-	-	-	7.99B	8.81B
Unpaid Claims	5.45B	6.4B	7.38B	-	-
Unearned Premiums	1.92B	2.47B	2.97B	-	-
Reinsurance Payable - (BS)	394M	660M	894M	334M	297M
Current Portion of Long-Term Debt	11.4M	7.1M	14.5M	6.3M	27.3M
Current Portion of Leases	6.2M	10.6M	9.6M	13.5M	11.6M
Long-Term Debt	547M	548M	548M	548M	549M
Long-Term Leases	83.9M	73.7M	63.1M	63.1M	55.3M
Current Income Taxes Payable	16.7M	24.5M	8.6M	13.7M	27.9M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	168M	251M	356M	512M	564M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non-Current	600K	-	-	202M	387M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	8.78B	10.68B	12.53B	9.78B	10.81B
Common Stock, Total	42.9M	42.9M	46.6M	46.7M	44.6M
Additional Paid In Capital	5.3M	5.3M	9.7M	10.6M	17.9M
Retained Earnings	1.86B	2.18B	2.63B	3.94B	4.64B
Comprehensive Income and Other	-101M	-101M	-117M	-117M	-91.1M
Total Common Equity	1.81B	2.13B	2.57B	3.88B	4.61B
Total Equity	1.81B	2.13B	2.57B	3.88B	4.61B
Total Liabilities And Equity	10.59B	12.81B	15.1B	13.67B	15.42B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	605M	606M	665M	663M	630M
ECS Total Common Shares Outstanding	605M	606M	665M	663M	630M
Book Value / Share	2.99	3.52	3.87	5.86	7.31
Tangible Book Value	1.68B	2.01B	2.44B	3.72B	4.41B
Tangible Book Value Per Share	2.78	3.31	3.67	5.61	7
Tangible Book Value Per Share (As Reported)	2.78	3.31	4	4.49	7
Total Debt	649M	639M	635M	631M	643M
Net Debt	339M	47.2M	-17.3M	37.9M	148M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-4.8M	-18.1M	-4.6M	-4.5M	-4M
Debt Equivalent Oper. Leases	3.2M	41.6M	34.4M	-	-
Equity Method Investments, Total	300K	600K	400K	300K	200K
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	52.1M	47.5M	46.7M	-	-
Full Time Employees	1.55K	1.68K	1.96K	2.32K	2.42K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-46.1M	309M	161M	1.03B	1.13B
Depreciation, Depletion & Amortization	16.2M	19.9M	15.6M	30M	28M
Amortization of Goodwill and Intangible Assets - (CF)	8.6M	8.1M	700K	16.2M	-
Total Depreciation, Depletion & Amortization	24.8M	28M	16.3M	46.2M	28M
Amortization of Deferred Charges, Total	8.1M	12.4M	14.3M	-	11.1M
(Gain) Loss on Sale of Investments - (CF)	-83M	-45.8M	274M	-325M	-227M
Deferred Policy Acquisition Costs - (CF)	-34.2M	-92.9M	-72.3M	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	2.8M	11M	15.7M	-	-
Provision and Write-off of Bad Debts	1.1M	-3.3M	17.8M	-	-
Change in Accounts Receivable	-782M	-950M	-1.11B	546M	627M
Change in insurance Reserves / Liabilities	1.49B	1.9B	1.87B	-	-
Change in Other Net Operating Assets (Collected)	-	-	-	-63.5M	-295M
Other Operating Activities	-102M	700K	-93.3M	-837M	-639M
Cash from Operations	477M	1.17B	1.1B	393M	635M
Capital Expenditure	-12.9M	-4.5M	-1M	-4.3M	-17.8M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	54.4M	-	-	-
Purchase / Sale of Intangible Assets	-20.5M	-17.7M	-22.7M	-50.9M	-45M
Investment in Marketable and Equity Securities, Total	-683M	-942M	-1.32B	-	-
Other Investing Activities, Total	104M	70.6M	94.2M	-	-
Cash from Investing	-612M	-839M	-1.25B	-55.2M	-62.8M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-15.3M	-12.8M	-11.6M	-12M	-11.8M
Total Debt Repaid	-15.3M	-12.8M	-11.6M	-12M	-11.8M
Issuance of Common Stock	295M	-	404M	-	-
Repurchase of Common Stock	-13.6M	-	-17.8M	-33.6M	-344M
Common Dividends Paid	-50.2M	-	-103M	-108M	-120M
Common & Preferred Stock Dividends Paid	-50.2M	-	-103M	-108M	-120M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-37.8M	-35.2M	-36.3M	-37.5M	-39.3M
Cash from Financing	178M	-48M	236M	-191M	-516M
Foreign Exchange Rate Adjustments	-11.7M	-	-22.2M	12.6M	13.3M
Net Change in Cash	31M	282M	60.7M	160M	69.8M
Supplemental Items
Cash Interest Paid	37.8M	35.2M	36.3M	37.5M	39.3M
Cash Income Tax Paid (Refund)	26.5M	22.2M	61.1M	111M	301M
Net Debt Issued / Repaid	-15.3M	-12.8M	-11.6M	-12M	-11.8M
Levered Free Cash Flow	-140M	284M	-157M	-768M	-713M
Unlevered Free Cash Flow	-115M	308M	-133M	-506M	-456M
Change In Net Working Capital	104M	-53M	315M	1.57B	1.62B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-0.14	1.93	1.14	8.22	7.93
Return on Total Capital	-0.58	8.63	5.32	25.75	23.61
Return On Equity %	-2.68	15.67	6.84	30.04	26.63
Return on Common Equity	-2.68	15.67	6.84	30.04	26.63
Margin Analysis
Gross Profit Margin %	7.35	19.56	16.1	39.88	37.7
SG&A Margin	8.09	8.6	8.76	7.17	6.58
EBITDA Margin %	-0.34	11.36	7.45	33.39	31.49
EBITA Margin %	-0.45	11.21	7.36	33.06	31.21
EBIT Margin %	-0.74	10.96	7.34	32.74	31.21
Income From Continuing Operations Margin %	-1.58	9.38	4.64	20.14	19.12
Net Income Margin %	-1.58	9.38	4.64	20.14	19.12
Net Avail. For Common Margin %	-1.58	9.38	4.64	20.14	19.12
Normalized Net Income Margin	-1.09	5.98	3.44	15.37	15.05
Levered Free Cash Flow Margin	-4.8	8.63	-4.54	-15.06	-12.07
Unlevered Free Cash Flow Margin	-3.94	9.37	-3.84	-9.92	-7.71
Asset Turnover
Asset Turnover	0.3	0.28	0.25	0.4	0.41
Fixed Assets Turnover	38.58	32.79	40.76	67.68	76.76
Receivables Turnover (Average Receivables)	2.22	2.03	2.11	51.35	91.65
Short Term Liquidity
Current Ratio	1.22	1.2	1.2	20.77	21.06
Quick Ratio	1.01	0.96	0.92	16.55	16.63
Operating Cash Flow to Current Liabilities	0.06	0.12	0.09	0.61	0.89
Days Sales Outstanding (Average Receivables)	164.52	179.44	172.6	7.11	3.99
Average Days Payable Outstanding	713.93	889.57	962.3	-	-
Long Term Solvency
Total Debt/Equity	35.84	29.99	24.68	16.26	13.96
Total Debt / Total Capital	26.39	23.07	19.8	13.99	12.25
LT Debt/Equity	34.87	29.16	23.75	15.75	13.11
Long-Term Debt / Total Capital	25.67	22.43	19.04	13.55	11.51
Total Liabilities / Total Assets	82.91	83.36	82.96	71.59	70.12
EBIT / Interest Expense	-0.54	9.28	6.57	3.98	4.48
EBITDA / Interest Expense	0.08	9.99	6.99	4.09	4.55
(EBITDA - Capex) / Interest Expense	-0.24	9.88	6.97	4.08	4.5
Total Debt / EBITDA	202.69	1.64	2.35	0.37	0.34
Net Debt / EBITDA	105.97	0.12	-0.06	0.02	0.08
Total Debt / (EBITDA - Capex)	-66.87	1.66	2.36	0.37	0.35
Net Debt / (EBITDA - Capex)	-34.96	0.12	-0.06	0.02	0.08
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.42	13.08	5.31	25.23	15.9
Gross Profit, 1 Yr. Growth %	-60.29	200.98	-13.33	105.85	9.55
EBITDA, 1 Yr. Growth %	-103.21	-3.91K	-30.89	106.59	10.33
EBITA, 1 Yr. Growth %	-104.29	-2.94K	-30.87	108.46	10.47
EBIT, 1 Yr. Growth %	-107.34	-1.77K	-29.51	110.17	10.47
Earnings From Cont. Operations, 1 Yr. Growth %	-119.69	-769.63	-47.91	112.46	10.08
Net Income, 1 Yr. Growth %	-119.69	-769.63	-47.91	112.46	10.08
Normalized Net Income, 1 Yr. Growth %	-118.9	-721.94	-39.33	114.79	13.48
Diluted EPS Before Extra, 1 Yr. Growth %	-118.26	-726.08	-48.51	94.1	12.55
Net Property, Plant and Equip., 1 Yr. Growth %	136.83	-10.74	-20.38	-0.13	4.52
Accounts Receivable, 1 Yr. Growth %	40.07	15.55	6.82	20.69	-80.1
Total Assets, 1 Yr. Growth %	19.32	20.96	17.89	16.67	12.83
Common Equity, 1 Yr. Growth %	11.33	17.76	20.78	31.37	18.67
Tangible Book Value, 1 Yr. Growth %	11.98	19.25	21.79	31.51	18.62
Cash From Operations, 1 Yr. Growth %	3.61	145.28	-6.22	-404.57	61.47
Capital Expenditures, 1 Yr. Growth %	104.76	-65.12	-77.78	330	313.95
Levered Free Cash Flow, 1 Yr. Growth %	-20.23	-303.1	-155.37	-91.2	-7.16
Unlevered Free Cash Flow, 1 Yr. Growth %	-27.39	-368.79	-143.16	-94.12	-9.9
Dividend Per Share, 1 Yr. Growth %	-	-	-6.88	11.2	73.04
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	16.3	11.74	9.12	24.46	20.47
Gross Profit, 2 Yr. CAGR %	-23.21	9.33	61.53	77.71	50.17
EBITDA, 2 Yr. CAGR %	-71.76	10.67	413.49	113.41	50.25
EBITA, 2 Yr. CAGR %	-67.2	10.38	342.98	113.74	51.02
EBIT, 2 Yr. CAGR %	-56.08	10.72	243.19	115.09	52.37
Earnings From Cont. Operations, 2 Yr. CAGR %	-17.78	14.83	86.76	82.38	52.93
Net Income, 2 Yr. CAGR %	-17.78	14.83	86.76	82.38	52.93
Normalized Net Income, 2 Yr. CAGR %	-18.62	8.42	94.29	99.62	56.12
Diluted EPS Before Extra, 2 Yr. CAGR %	-20.77	6.92	79.55	73.49	47.8
Net Property, Plant and Equip., 2 Yr. CAGR %	365.33	45.39	-15.7	-10.83	2.16
Accounts Receivable, 2 Yr. CAGR %	24.74	27.22	11.1	-75.54	-50.99
Total Assets, 2 Yr. CAGR %	17	20.14	19.42	3.3	14.73
Common Equity, 2 Yr. CAGR %	11.07	14.5	19.26	34.98	24.86
Tangible Book Value, 2 Yr. CAGR %	12.06	15.56	20.52	36.08	24.9
Cash From Operations, 2 Yr. CAGR %	30.8	59.41	51.67	-42.02	121.76
Capital Expenditures, 2 Yr. CAGR %	122.75	-15.48	-72.16	-2.25	321.9
Levered Free Cash Flow, 2 Yr. CAGR %	64.3	27.29	6.06	64.44	-71.41
Unlevered Free Cash Flow, 2 Yr. CAGR %	32.03	39.7	7.72	28.07	-76.99
Dividend Per Share, 2 Yr. CAGR %	-	3.55	-	1.76	38.71
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	12.52	15.21	9.55	20.55	21.54
Gross Profit, 3 Yr. CAGR %	-21.83	21.08	1.19	111.84	51.25
EBITDA, 3 Yr. CAGR %	-63.64	44.89	-5.4	458.03	70.74
EBITA, 3 Yr. CAGR %	-59.87	45.08	-5.55	406.16	70.98
EBIT, 3 Yr. CAGR %	-51.82	47.69	-4.74	325.98	72.25
Earnings From Cont. Operations, 3 Yr. CAGR %	-29.22	65.42	-11.77	181.36	54.13
Net Income, 3 Yr. CAGR %	-29.22	65.42	-11.77	181.36	54.13
Normalized Net Income, 3 Yr. CAGR %	-32.97	60.3	-10.64	191.58	65.36
Diluted EPS Before Extra, 3 Yr. CAGR %	-30.95	57.8	-16.19	166.11	50.19
Net Property, Plant and Equip., 3 Yr. CAGR %	188.9	168.36	18.95	-10.8	-5.98
Accounts Receivable, 3 Yr. CAGR %	16.94	21.6	20.02	-58.96	-77.16
Total Assets, 3 Yr. CAGR %	11.89	18.31	19.38	8.88	6.38
Common Equity, 3 Yr. CAGR %	6.48	13.25	16.55	28.97	29.31
Tangible Book Value, 3 Yr. CAGR %	7.22	14.41	17.6	30.22	29.99
Cash From Operations, 3 Yr. CAGR %	22.57	61.3	33.58	-6.22	-18.42
Capital Expenditures, 3 Yr. CAGR %	96.51	20.06	-45.86	-30.66	58.15
Levered Free Cash Flow, 3 Yr. CAGR %	-4.03	76.33	-3.54	76.45	35.91
Unlevered Free Cash Flow, 3 Yr. CAGR %	-12.63	67.33	-5.55	63.99	13.91
Dividend Per Share, 3 Yr. CAGR %	-	5.41	-0.05	-	21.46
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	10.25	11.69	11.15	18.83	17.52
Gross Profit, 5 Yr. CAGR %	-16.43	2.61	4.5	41.17	32.84
EBITDA, 5 Yr. CAGR %	-49.94	3.12	4.85	69.17	43.56
EBITA, 5 Yr. CAGR %	-46.95	2.96	4.86	69.41	43.53
EBIT, 5 Yr. CAGR %	-41.28	2.55	5.67	71.66	44.35
Earnings From Cont. Operations, 5 Yr. CAGR %	-28.63	4.23	4.34	72	37.01
Net Income, 5 Yr. CAGR %	-28.63	4.23	4.34	72	37.01
Normalized Net Income, 5 Yr. CAGR %	-29.18	1.43	2.6	75.01	39.68
Diluted EPS Before Extra, 5 Yr. CAGR %	-29.82	1.24	1.2	63.9	31.1
Net Property, Plant and Equip., 5 Yr. CAGR %	88.15	77.33	76.52	72.71	11.93
Accounts Receivable, 5 Yr. CAGR %	14.91	16.37	14.56	-35.97	-54.61
Total Assets, 5 Yr. CAGR %	9.44	12.82	14.84	12.06	11.68
Common Equity, 5 Yr. CAGR %	4.65	7.51	11.42	21.49	23.17
Tangible Book Value, 5 Yr. CAGR %	4.5	7.67	12.36	22.63	24.01
Cash From Operations, 5 Yr. CAGR %	19.52	43.25	33.47	7.13	6.65
Capital Expenditures, 5 Yr. CAGR %	38.84	9.18	-10.07	10.59	23.09
Levered Free Cash Flow, 5 Yr. CAGR %	-19.47	25.73	-0.11	71.48	32.4
Unlevered Free Cash Flow, 5 Yr. CAGR %	-22.96	30.68	-5	50.37	23.6
Dividend Per Share, 5 Yr. CAGR %	-	6.14	1.63	3.94	13.95