Profits from writing insurance more than double for FBD
New personal injury guidelines and an improvement in the underlying claims environment saw FBD’s insurance profits increase to just under €35 million in the first half of 2022
FBD Insurance saw its profits from writing insurance more than double in the first half of this year as new personal injury guidelines are beginning to lower claims costs.
Announcing interim results on Friday morning, the Irish insurance firm reported a 165 per cent increase in underwriting profits for the first six months of 2022 to just over €34.5 million. Overall, FBD sold €192.6 million of insurance policies (gross written premiums) in the first half ...