Among the highlights of its half-yearly report were:
- Strong performance with half year profit before taxation of €19.1m
- As expected, profit in the period is lower than the first half of 2012 primarily due to reduced
- Returns in global investment markets
- Key strategic initiatives deliver further growth in gross written premium, customer numbers and market share.
- Industry leading combined operating ratio of 94.7 per cent (2012: 92.5 per cent)
- Interim dividend increased 29 per cent to 15.75 cent
- FBD Insurance capital base further strengthened with solvency level of 70 per cent, up from 63 per cent at 30 June 2012
- Increase in net asset value per share to €7.40
- Full-year operating earnings per share guidance re-affirmed at 145 – 155 cent per share.
Andrew Langford, the firm’s chief executive, said the results are ”excellent” given the difficult economic conditions.
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