Company Watch

FBD to return up to €100 million to shareholders

The insurer has reported profit before tax of €74 million for 2022, which, while down from €110 the previous year, is well ahead of market expectations

FBD currently holds an estimated surplus capital in excess of €100 million. Picture: Rollingnews.ie

Insurer FBD plans to return up to €100 million to its shareholders in the form of a special dividend or share buyback, according to its chief executive Tomás Ó Midheach.

It comes as the company reported profit before tax of €74 million for 2022, down from €110 million the prior year. However, the performance was well ahead of market expectations.

“We are keen to engage on our capital distribution, whether it is a share buyback ...