REG - FBD Holdings PLC - Trading Statement

FBD HoldingsAnnouncement

Yesterday 08:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260507:nRSG2938Da&default-theme=true

RNS Number : 2938D  FBD Holdings PLC  07 May 2026

Trading Statement

 

 

FBD HOLDINGS PLC

07 May 2026

 

Chief Executive Officer's Address to the Annual General Meeting

In the course of his address to shareholders at the Annual General Meeting
today, the Chief Executive Officer, Mr. Tomás Ó Midheach, will make the
following statement on current trading:

At FBD, we believe that our customer centric strategy continues to create
value for all our stakeholders. Growth has been sustained with Gross Written
Premium (GWP) increasing by approximately 5% compared to the same period in
2025. Our commitment to building strong and lasting customer relationships
continues to deliver, supported by our nationwide branch network, which
provides local expertise and dedicated support to the communities we serve.

Underwriting performance for 2026 to date has been solid. Claims experience
has been in line with expectations and has not been significantly impacted by
the weather conditions experienced earlier in the year.

Investment markets have been volatile in recent months, impacted by
geopolitical events including the US/Iran conflict. As at the end of April,
investment return through the Income Statement has remained positive,
supported by increased risk asset valuations and increasing income from our
bond and cash portfolios. Returns through the Statement of Other Comprehensive
Income are negative over the same period, reflecting lower bond valuations as
risk free rates have risen. The impact of lower bond valuations on our Capital
Ratio is largely offset by higher discounting of claims liabilities and lower
market risk charges.

FBD remains strongly capitalised with a Solvency Capital Ratio in excess of
our stated risk appetite. Our intention over time is to move closer to target
capital levels, while preserving the sustainability of our annual ordinary
dividend and maintaining a robust capital position for our growing business.

We reiterate our confidence in our underlying profitability, our solid capital
position, our future growth prospects and continue our focus on delivering
value for our customers and our shareholders.

We reaffirm our guidance of a Combined Operating Ratio of low 90s being
achievable for the full year 2026.

 Enquiries                          Telephone
 FBD Holdings plc

 Nadine Conlon, Company Secretary   +353 87 3844435
 Fiona Meegan, Investor Relations   +353 1 4194885
 Drury
 Paddy Hughes                       +353 87 616 7811

About FBD Holdings plc ("FBD")

Established in the 1960s by farmers for farmers, FBD has built on our roots in
agriculture to become a leading general insurer serving the needs of farmers,
businesses and retail customers.  With 34 offices throughout Ireland & a
multichannel distribution strategy, we are never far away & always ready
to support our customers.

 

The following details relate to FBD's ordinary shares of €0.60 each which
are publicly traded:

 Listing           Euronext Dublin
 Listing Category  Premium
 Trading Venue     Euronext Dublin
 Market            Main Securities Market
 ISIN              IE0003290289
 Ticker            FBD. I or EG7.IR

FBD Holdings plc, FBD House, Bluebell, Dublin 12

Registered in Dublin, Ireland Registered Number 135882

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ISEFLFFSERIRIIR



            Copyright 2019 Regulatory News Service, all rights reserved