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Aug 5 2022, 07:15 IST/BST
FBD Holdings
H1 2022: profits ahead; strong solvency position
- Sectors : Insurance
- Companies : FBD Holdings
DAVY VIEW
FBD’s H1 results are ahead on prior year releases, with the business performance (3% growth in customers and strong retention rates) and the strong solvency position remaining intact in the face of negative investment returns. Today’s pain on investment returns will give rise to higher income in the coming years as the portfolio is re-invested. The investment case remains intact, with a strong franchise and substantial surplus capital.
