FBD Holdings

Significant risk to dividend following EIOPA statement

  • Sectors : Insurance
  • Companies : FBD Holdings

Ratings and price correct at time of issue.

  • FBD Holdings

    Closing Price: 618c

  • RATING 01/09/17

  • PREVIOUS RATING 29/02/16



The statement from the European Insurance and Occupational Pensions Authority (EIOPA), while not calling for an outright suspension to dividends, would indicate that dividend pay-outs by FBD and all European insurers are now in serious doubt. Following the turnaround in performance in the past few years, FBD is very well capitalised from a solvency perspective with significant surplus to its regulatory requirement and it remains well positioned to deal with the challenges presented by COVID-19.

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Apr 3 2020, 08:50 IST/BST