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

    NEUTRAL

DAVY VIEW

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

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