FBD Holdings

Good underwriting; investment lower but capital robust

  • Sectors : Insurance
  • Companies : FBD Holdings

Ratings and price correct at time of issue.

  • FBD Holdings

    Closing Price: 960c

  • RATING 01/09/17

  • PREVIOUS RATING 29/02/16



FBD’s trading update is in line with expectations, with good momentum on customer numbers and growth in Gross Written Premium (GWP). Investment returns are negatively contributing, but capital/solvency levels remain robust. We see the update as supportive of the investment case, with good business momentum, while the strong solvency position – materially above target – provides good insulation in volatile investment markets to FBD’s distribution policy.

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May 12 2022, 08:15 IST/BST