REG - Beazley PLC - Alternative performance measure NAVps update

BeazleyAnnouncement

08/03/2023 07:00

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RNS Number : 2215S  Beazley PLC  07 March 2023

 

 

Beazley plc

 

London, 7 March 2023

 

 

Alternative performance measure correction NAVps - update

Further to the announcement dated 6 March 2023, the Company can now confirm
the following amended information:

               £                   Fixed pay                                    Pay for performance
                           Salary           Benefits  Pension  Total fixed pay  Total annual bonus  Long term          Total variable pay  Total remuneration

incentives (LTI)
 Adrian P Cox  Revised     2022    525,250  19,760    65,656   610,666          787,875             106,663            894,538             1,505,204
               Original    2022    525,250  19,760    65,656   610,666          787,875             245,127            1,033,002           1,643,668
               Adjustment  2022    0        0         0        0                0                   -138,464           -138,464            -138,464

 Sally M Lake  Revised     2022    414,000  2,938     45,960   462,898          621,000             71,190             692,190             1,155,089
               Original    2022    414,000  2,938     45,960   462,898          621,000             179,310            800,310             1,263,208
               Adjustment  2022    0        0         0        0                0                   -108,120           -108,120            -108,119
 1. The LTI figures for 2022 have been calculated using the average share price
 in the last three months of 2022 of 630.7p.

 

 

For further information please contact:

 

Beazley plc

Christine Oldridge

 

+44 (0)20 7674 7758

 

 

Note to editors:

Beazley plc (BEZ.L), is the parent company of specialist insurance businesses
with operations in Europe, North America, Latin America and Asia. Beazley
manages seven Lloyd's syndicates and, in 2022, underwrote gross premiums
worldwide of $5,268.7million. All Lloyd's syndicates are rated A by A.M.
Best.

Beazley's underwriters in the United States focus on writing a range of
specialist insurance products. In the admitted market, coverage is provided by
Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all
50 states. In the surplus lines market, coverage is provided by the Beazley
syndicates at Lloyd's.

Beazley's European insurance company, Beazley Insurance dac, is regulated by
the Central Bank of Ireland and is A rated by A.M. Best and A+ by Fitch.

Beazley is a market leader in many of its chosen lines, which include
Professional Indemnity, Cyber Liability, Property, Marine, Reinsurance,
Accident and Life, and Political Risks and Contingency Business.

For more information please go to: www.beazley.com

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