FBD reaffirms full year guidance with ‘strong’ capital base
Irish insurer FBD has announced that full year profits – after tax – will be in line with previous expectations, assisted aided by a strong investment performance.
In an interim management statement released this morning, the firm predicted earnings per share in the range of 145 to 155 cent, assuming large claims revert to normal.
In the first nine months of the year, gross written premium up by more than 2pc in comparison with 0.7pc first half growth, according to FBD.
The firm reports that it continues to maintain a strong capital base of 71pc of net earned premium and a reserving ratio of 240pc.