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10 May 2019 | 08:21

FBD Holdings touts 'good' start to year despite 'strong' competition

FBD Holdings said performance since the turn of the year had been 'good' despite continuing 'strong' competition as an improved global macroeconomic had boosted investment return. The company also reiterated that Brexit remained the main source of uncertainty. 'FBD's 2019 trading performance to date has been good. The underlying profitability of the business is sound as we maintain our underwriting and pricing discipline in the face of continuing strong competition. Weather in the year to date has been benign with no significant events occurring,' said Chairman, Mr. Liam Herlihy. 'While the current low interest rate environment persists, the global macroeconomic outlook has improved compared to Q4 2018. This has benefited our investment return in the year to date.' 'Brexit, and its likely impact, remains a major source of uncertainty for FBD, Irish farmers and Irish businesses. We continue to plan for any operational impacts which may arise and we will continue to support our customers through this transition.'

At 8:21am: (LON:FBH) FBD Holdings PLC share price was 0p at 8.89p

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