⌘K
t
Beazley plc issued an update on March 7, 2023, providing amended 2022 remuneration figures following a previous announcement on March 6, 2023, specifically correcting Long Term Incentive (LTI) values. This resulted in Adrian P Cox's total 2022 remuneration being adjusted down by £138,464 to £1,505,204, and Sally M Lake's by £108,119 to £1,155,089.
| Date | 8 Mar 2023 |
| Time | 07:00:01 |
| Category | Results |
| ID | 2215S |
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 |
||
|
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