Beazley : IFRS17 Restatement Session

IFRS 17

2022 indicative comparatives

31 July 2023

Certain statements made in this presentation, both oral and written, are or may constitute "forward looking statements" with respect to the operation, performance and financial condition of the company and/or the group. These forward-looking statements are not based on historical facts but rather reflect current beliefs and expectations regarding future events and results. Such forward looking statements can be identified from words such as "anticipates", "may", "will", "believes", "expects", "intends", "could", "should", "estimates", "predict" and similar expressions in such statements or the negative thereof, or other variations thereof or comparable terminology. These forward-looking statements appear in a number of places throughout this document and involve significant inherent risks, uncertainties and other factors, known or unknown, which may cause the actual results, performance or achievements of the company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Given these uncertainties, such forward looking statements should not be read as guarantees of future performance or results and no undue reliance should be placed on such forward-looking statements. A number of factors could cause actual results to differ materially from the results discussed in these forward-looking statements.

The information and opinions contained in this presentation, including any forward-looking statements, are provided, and reflect knowledge and information available, as at the date of this presentation and are subject to change without notice. There is no intention, nor is any duty or obligation assumed by the company, the group or the directors to supplement, amend, update or revise any of the information, including any forward-looking statements, contained in this presentation.

All subsequent written and oral forward-looking statements attributable to the company and/or the group or to persons acting on its behalf are expressly qualified in their entirety by the cautionary statements referred to above and contained elsewhere in this document.

All numbers are illustrative or indicative, unaudited and subject to change.

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Agenda

04 Recap

1. Impact on equity
   11 IFRS17 concepts

1. Reserving

1. Profit and Loss

1. Combined ratio

1. Key takeaways

1. Q&A

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Recap

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What's staying the same?

Strategy

Cash generation

Dividends and capital

IFRS 17 and IFRS 9 do not change our strategy or the way we do business.

Our cashflows stay the same under IFRS 17. It's the timing of profit recognition that will change.

There is no impact to

our regulatory capital position or dividend paying capacity.

Our dividend policy remains the same as set out in the Annual Report 2022.

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