Beazley plc provided earnings guidance for the year ended December 31, 2017. The board anticipates that the company will report a combined ratio of 99% for the year ended December 31, 2017. In addition, the group expects to report an investment return of 2.9% for the year on average invested assets of $4.8 billion. Finally, the company note a reduction of approximately $5 million in the value of its US deferred tax asset following the reduction in the US corporation tax rate from 35% to 21%. As a result of the these, the company anticipates pre-tax profits for the year ended December 31, 2017 that will be ahead of current market expectations.