LONDON (dpa-AFX) - Specialist insurer Beazley PLC (BEZ.L) Monday said its 2022 profit before tax increased to $547 million after adopting IFRS 17 standards compared with $191 million as per IFRS 4.
Accordingly, earnings per share rose to 60.1p from 21.1p, while combined ratio declined 10% to 79%.
Net insurance and investment result for the period jumped to $832 million from $222 million.
Return on equity increased to 18% from 7%, whereas net asset value per share grew to 360.8p from 315.6p.
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