Beazley has reported a profit before tax of £86.8m for the year ended 31st December 2006.
The result is more than five times the £16.1m it produced in 2005.
The company said gross premiums written rose 34% to £645.1m and the combined ratio fell to 86% from 105% in 2005.
Andrew Beazley, chief executive of Beazley, said:
“The company delivered a strong performance in its 20th year...we saw growth across the business and took advantage of the opportunities presented by profitable underwriting conditions. We enter the new year with a positive outlook.”
