FBD Holdings

Better outcome for 2023

  • Sectors : Insurance
  • Companies : FBD Holdings

Ratings and price correct at time of issue.

  • FBD Holdings

    Closing Price: 1165c

  • RATING 01/09/17

  • PREVIOUS RATING 29/02/16



FBD will report a strong FY 2023 outcome based on a favourable prior year development, providing further evidence of its conservative approach to claims. This increases the capital position further, providing greater distribution capacity given the already strong solvency position. In our view, this is unlikely to arise with FY 2023 results due to the dividend policy that emphasises sustainability; rather, we expect it will be assessed later in 2024 as part of any prospective special dividend.

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Feb 14 2024, 07:20 GMT