Beazley cuts annual insurance written premiums forecasts

Written by Michael Griffiths

25/11/2025

Beazley has cut its insurance written premiums forecast for the full year to a growth rate of “flat to low single digits”.

The insurer cited increased competition and subdued growth in the cyber insurance sector, as it reported just a 1% jump in insurance written premiums in Q3 compared to last year, to a total $4.67bn.

Beazley, posting a trading statement covering for the nine-month period to 30 September, also announced that its investment income has totalled $458m in the year-to-date, down from $513m at the same stage last year.

This equated to an investment return of 3.9%, also down from last year’s 4.7% through the first three quarters. However, the group said an improvement in macroeconomic data over the year and easing of trade related tensions had created a “favourable environment” for risk assets.

Beazley CEO, Adrian Cox, added that market conditions were “evolving at pace” across several of the group’s lines, and that in Q3 the company had maintained the same disciplined approach it set out in its half year results.

“The benefit of this discipline is clear in our upgraded combined ratio guidance, as we continue to prioritise profitability over volume,” Cox commented.

“This does, however, mean that growth is running at the low end of our guidance and below the level we delivered in the first half.”

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