Company Watch: FBD posts robust half-year results, but Covid payouts remain an issue

The insurer has posted a pre-tax profit of €22 million for the first half of this year

Paul O’Donovan, Olympic gold medallist, pictured, and Kellie Harrington, the Olympic boxer, are FBD brand ambassadors. Picture: INPHO/Ryan Byrne

Tomás Ó’Midheach is used to the early starts that come with corporate results season. Last Friday, the FBD chief executive was up early to prep for a busy schedule of calls with analysts and media after the insurer posted a robust set of half-year results.

The company reported a pre-tax profit of €22 million for the first half of the year – a significant turnaround on the €9.3 million loss it made last year.

But ...