FBD Holdings (FBD.I, FBD ID)

  • 390.8
  • 35.9
  • 55.6

    Closing Price (c): 1090.0

  • RATING 01/09/17

  • PREVIOUS RATING 29/02/16


Company Profile

FBD's core business is insurance underwriting. With gross premiums of €370m, it is the third-largest non-life insurer in Ireland with a c.11% market share. The business is predominantly rural-focused with strong brand loyalty. It controls c.80% of the farm insurance market, and agriculture accounts for c.54% of total premiums. Urban markets, on-line offerings and the broker channel are growing segments. Non-insurance activities contribute c.10% of group operating activities through the resale of third-party liability and travel insurance as well as life, pension and wealth products for New Ireland.

Major Shareholders%
Farmer Business Developments Plc23.8
Sretaw Unlimited Co.10.8
F.B.D. Trust Co. Ltd.9.6
Protector Forsikring ASA5.6
M&G Investment Management Ltd.5.5