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Mar 10 2023, 07:15 GMT
Following its recent update, FBD’s headline profitably was broadly known, with FY results showing a small beat versus the c.€70m profit before tax expectation. The key highlights today are momentum on business strategy, with good growth and retention and a solvency capital ratio (SCR) of 226% – well ahead of management’s target 150-170%. Consequently, FBD will now engage with stakeholders on steps to return further capital in the short and medium-term. This is the third pillar to the group’s distribution strategy and will assist in unlocking further shareholder value.
Mar 10 2023, 07:15 GMT