FBD Holdings

H1 results ahead; new CEO appointed

  • Sectors : Insurance
  • Companies : FBD Holdings

Ratings and price correct at time of issue.

  • FBD Holdings

    Closing Price: 638c

  • RATING 01/09/17

  • PREVIOUS RATING 29/02/16



H1 results are ahead of expectations through a stronger underwriting result. Premium performance and the solvency position were also stronger than indicated in the recent June trading update. Business interruption (BI) risk remains a key uncertainty, which FBD acknowledges, but a higher associated provision was offset by further prior-year reserve releases. The announcement of a new CEO is welcome. Tómas O’Midheach will join in February 2021 from AIB Group, where he has relinquished his COO and Deputy CEO positions.

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Jul 31 2020, 07:35 IST/BST