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Apr 3 2020, 08:50 IST/BST
FBD Holdings
Significant risk to dividend following EIOPA statement
- Sectors : Insurance
- Companies : FBD Holdings
DAVY VIEW
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.
