Friday February 28, 2020

FBD's profit hurt by global investment returns

UPDATE: Andrew Langford, Group Chief Executive, said: "These are excellent results in difficult economic conditions."

27th August, 2013

FBD Insurance has reported pre-tax profit of €19.1 million for the first half of the year, down from €21.9 million in the same period of 2012, mainly due to reduced returns in global investment markets.

However gross written premiums rose 0.7 per cent to €175.9 million from €174.7 million. FBD's interim dividend increased 29 per cent to 15.75 cent and full-year operating earnings per share guidance was re-affirmed at 145 – 155 cent per share.

Andrew Langford, Group Chief Executive, said...

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