Beazley Profit More Than Doubles Thanks to Investment Income
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Beazley Plc kicked off the earnings season for European insurers by announcing pretax earnings that more than doubled.
The insurer that operates seven syndicates at Lloyd’s of London posted profit before tax that jumped 189% to $166.4 million in the six months through June, according to a statement. The result was driven by a surge in investment income to $170.3 million from $8 million in the year-earlier period.