FBD Holdings

Strong underlying performance; BI clarity in late-2021

  • Sectors : Insurance
  • Companies : FBD Holdings

Ratings and price correct at time of issue.

  • FBD Holdings

    Closing Price: 768c

  • RATING 01/09/17

  • PREVIOUS RATING 29/02/16



FBD’s underlying business continues to deliver strong results, provides growth in policy numbers and is robustly capitalised. Business Interruption (BI) provision remains relatively unchanged, while an Ombudsman ruling gave rise to a one-off charge in the period. Achieving clarity on BI remains critical to unlocking the surplus capital in the business, with a ruling now due in December. In the meantime, the business continues to produce impressive results.

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Aug 6 2021, 07:15 IST/BST