FBD Holdings has released its financial results for the first half of the 2026 financial year (H1 2026), reporting profits before tax of €43 million.

This is more than double the figure for the first half of 2025 (H1 2025), which stood at €17 million.

The business' gross written premium (GWP) stood at €258 million, an increase of 4% on the €248 million on H1 2025.

Growth in GWP was seen across farmer, retail and direct business sectors.

Farmer GWP was €9 million higher than the comparable prior year period.

Insurance premiums

Insurance revenue for the first half of this year was reported as €253 million, an 8% increase on €235 million at the same point of last year.

FBD Holdings said this was the result of "customer focused strategy" and "consistently strong" retention levels.

Overall average premiums increased by 3.4% compared to the same period last year, comprising a 2.5% increase relating to increased liability and property coverage.

Private motor average premiums increased by 1.8%, reflecting inflationary pressures.

Farm and home average premiums increased by 7% and 5% respectively, reflecting property sums insured and increased coverage requirements.

The underwriting result for H1 2025 was €37.1 million, an increase on €13.7 million for H1 2025.

Insurance service expenses (ISE) decreased by €68.4 million to €188.6 million (H1 2025: €257 million).

Claims

Gross incurred claims decreased by €81.8 million, mainly reflecting improved weather experience in 2026 compared to H1 2025.

This was offset by higher frequency and severity of largeclaims year-to-date in 2026.

Motor accidental damage claim severity increased during the first half of 2026, with a higher incidence of vehicle write-offs, driven by the growing prevalence of advanced vehicle technologies andincreasingly complex repair methodologies.

In addition, the first half of 2026 saw a higher proportion of injury claim settlements resolved at Circuit Court level.

Large injury claims, defined as a value greater than €250,000, notified to date in 2026, are higher than the average over the past 10 years, FBD Holdings said.

Net of reinsurance, weather experience to date in 2026 was more favourable compared with the previous year, which included the significant weather events of January 2025.

Investment return for FBD Holdings was recorded as €15.6 million, compared to €13.1 million at the same point last year.

FBD Holdings' basic earnings per share (EPS) for H1 2026 stood at 106c, compared to 41c for H1 2025.

Net asset value per share was 1,335c, compared to 1,308c in the corresponding period last year.

FBD Holdings said it has approved a special dividend of 75c per ordinary share.