Beazley has reported a 19% dip in pre-tax profit in its latest annual results, which fell to $1.1bn in 2025.

The insurer cited a “volatile” global backdrop and a “softening” insurance rating environment.

Beazley, posting its results covering the 12-month period to 31 December 2025, also announced that its insurance written premiums totalled $6.1bn last year, a 1% slip from 2024.

The insurer also described its current exposure to the unfolding events in the Middle East as “limited”, and said it was not expecting to be materially impacted.

CEO at Beazley, Adrian Cox, commented: “In 2025, Beazley delivered another strong profit, amidst a volatile global backdrop and in a softening insurance rating environment. In these conditions, our robust underwriting discipline and active cycle management continued to ensure our success.

“As we start 2026, we continue to see a similar pattern of competitive insurance pricing and global instability. In this environment, we remain resolutely focused on profitable underwriting and innovating into growth opportunities, particularly with our new Bermuda entity and insurance solutions for the energy transition.”

Beazley’s latest figures come two days after the insurer’s board announced that it had agreed terms of a recommended all-cash offer for the purchase of the group by Zurich, in a deal worth over £8bn.

“As Beazley continues its exciting journey as a leading specialty insurer, our focus remains on business as usual, working in the interests of our clients, strengthening our relationships with brokers and continuing to attract and retain the best talent,” Cox added.

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