| 8.4°C Dublin

FBD profits are down

FBD Holdings had an operating profit of just over €24m in the first half of this year.

The insurer has said that its results were down marginally on the €28m reported this time last year.

Its pre-tax profits for the six months to the end of June came in at just over €19m.

Andrew Langford, FBD's chief executive (left), said that the lower profits this year were down to lower returns on investments.