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Mar 20 2026, 07:00 GMT
FBD continues to execute its strategy, with growth in customers and gross written premium (GWP), while simultaneously managing risk. In the past five years, €7.75 of dividends have been returned or proposed to shareholders. We expect shareholder returns to remain attractive, a fact reinforced by FBD’s 2025 performance. We modestly upgrade our forecasts and increase our price target to €18.60, retaining our ‘Outperform’ rating.
Mar 20 2026, 07:00 GMT