FBD Holdings (FBD.I, FBD ID)

  • 374.4
  • 34.7
  • 67.5
  • FBD HOLDINGS

    Closing Price (c): 1080.0

  • RATING 01/09/17

  • PREVIOUS RATING 29/02/16

    NEUTRAL

Company Profile

FBD's core business is insurance underwriting. With gross premiums of €353m, it is the third-largest non-life insurer in Ireland with an 12.4% market share. The business is predominantly rural-focused with strong brand loyalty. It controls c.80% of the farm insurance market and farm business accounts for circa 48% of total premiums. Urban markets, on-line offerings and the broker channel are growing segments. The non-underwriting businesses contribute 10% of group operating earnings. FBD offers independent financial advice to both retail and corporate customers. Its JV hotel/leisure operations have exposures to properties in Ireland and Spain.


Major Shareholders%
Farmers Business Dev. plc 24.9
FBD Trust Co. Ltd 8.9
Prudential7.1
FIL Limited7.0
M&G Investment Funds6.3