Insurance

FBD premium intake up 9% in first quarter of 2024

The firm reported a ‘solid’ trading performance to date, despite the impact of weather events such as Storm Isha

Tomás Ó Midheach, CEO of FBD, said the firm’s positive investment return reflected higher income on reinvestment of bond portfolios and positive performance in the equity markets. Picture: Barbara Lindberg

Total premiums collected from customers by FBD Insurance increased by 9 per cent in the first three months of the year compared to a year earlier.

In a trading statement released ahead of its annual general meeting (AGM) on Thursday, the insurance firm said that the increase in its gross written premium (GWP) in the first quarter of 2024, compared to the same period last year, was due to an increase in new policies written ...