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Beazley stock rises as Q3 numbers surprise on the upside

By David Burrows

10:30, 5 November 2021

Beazley logo on a smartphone
Beazley has enjoyed a stronger-than-expected third quarter – Photo: Shutterstock

Specialist business insurer Beazley saw its share price rise almost 5% this morning after posting better-than-expected third-quarter numbers.

The company’s share price was up 4.37% in mid-morning trading to 413.3p ($5.56).

In its latest trading statement for the three months to end of September, Beazley revealed that gross premiums written increased by 29% to $3.27bn (Q3 2020: $2.53bn).

Premium rates on renewal business increased by 23%, ahead of the company’s expectations.

Underwriting action

Beazley outlined that underwriting action taken since October 2020 continued to have a positive impact on cyber ransomware trends. The company added that capital surplus remained within its preferred range.


1,652.65 Price
+3.530% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 5.40


14,689.10 Price
+0.420% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0039%
Overnight fee time 21:00 (UTC)
Spread 1.8


27,003.40 Price
+2.680% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 85.00

Oil - Crude

91.06 Price
-2.220% 1D Chg, %
Long position overnight fee 0.0746%
Short position overnight fee -0.0965%
Overnight fee time 21:00 (UTC)
Spread 0.030

Commenting on the latest numbers, Adrian Cox, chief executive officer, said: “I am delighted that the momentum from the first half has persisted into the second with rate rises and premium growth that have exceeded our expectations. We continue to be strongly capitalised and are well placed to take advantage of these favourable market conditions.”

He added: “I remain excited about the opportunity in the cyber market and with our disciplined and prudent risk selection, our market leading product offering and the ongoing investment in our cyber infrastructure, I believe we are in a great position to capitalise on this.”

Read more: Hiscox points to 6% rise in gross premiums written

The difference between stocks and CFDs
The main difference between CFD trading and stock trading is that you don’t own the underlying stock when you trade on an individual stock CFD.
With CFDs, you never actually buy or sell the underlying asset that you’ve chosen to trade. You can still benefit if the market moves in your favour, or make a loss if it moves against you.
However, with traditional stock trading you enter a contract to exchange the legal ownership of the individual shares for money, and you own this equity.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional stock trading, you buy the shares for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks.
CFDs attract overnight costs to hold the trades, (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks are more normally bought and held for longer. You might also pay a stockbroker commission or fees when buying and selling stocks.

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0.06 +1.100%
5.590 USD
0.06 +1.100%

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