FBD Holdings

Consolidation in market from Zurich acquisition of RedClick

  • Sectors : Insurance
  • Companies : FBD Holdings

Ratings and price correct at time of issue.

  • FBD Holdings

    Closing Price: 1650c

  • RATING 01/09/17

  • PREVIOUS RATING 29/02/16

    NEUTRAL

DAVY VIEW

The sale of RedClick will modestly consolidate what is a reasonable unconsolidated market in Property and Casualty in Ireland. While the acquisition price undoubtedly includes some estimates on synergies, particularly in operational areas, the valuation appears to be a premium to FBD, which we believe is not merited.

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Mar 10 2026, 08:24 GMT

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