Davy Research

FBD Holdings

Motor rate rise continues to moderate
Insurance
FBD Holdings

DAVY VIEW

CSO data show that the pace of increase in personal lines motor rates has continued to moderate, reducing from 6.4% year-on-year (yoy) at end-January 2017 to 4.6% at end-February 2017. Our forecasts for FBD assume broadly stable policy volumes in 2017 with an average 2% rate rise across all classes.

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  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • FBD Holdings

    Closing Price: 807c

  • RATING 29/02/16

  • PREVIOUS RATING 11/11/14

    Underperform

Analyst(S)

COMPANY DATA

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