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27 Feb 2019 | 08:50

FBD Holdings profits slip as 'strong' dents gross written premium

FBD Holdings reported Wednesday a modest slip in pre-tax profit as gross written premium fell amid a 'strong' competition.

For the 12 months ended 31 December, pre-tax profits slipped to €50.1m from €49.7m a year earlier, and gross written premium fell to €371.5m from €372.5m a year earlier.

Strong competition in all customer segments has resulted in a decrease in gross written premium, the company said. 'In 2019 we are focused on our growth plans as a strong, independent Irish business. While the impact of anyBrexit is unwelcome to FBD and to our customers, we are resilient and we will navigate this together with Irish farming and with all other Irish businesses.'

At 8:50am: (LON:FBH) FBD Holdings PLC share price was +0.45p at 8.95p

Story provided by StockMarketWire.com
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