FBD Holdings

H1 2022: profits ahead; strong solvency position

  • Sectors : Insurance
  • Companies : FBD Holdings

Ratings and price correct at time of issue.

  • FBD Holdings

    Closing Price: 1020c

  • RATING 01/09/17

  • PREVIOUS RATING 29/02/16



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.

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Aug 5 2022, 07:15 IST/BST