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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fbd Holdings Plc | LSE:FBH | London | Ordinary Share | IE0003290289 | ORD EUR0.60 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.55 | 13.00 | 14.10 | 13.55 | 13.55 | 13.55 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Insurance Carriers, Nec | 123.4M | 69.54M | 1.9839 | 10.03 | 697.54M |
TIDMFBH
RNS Number : 2553E
FBD Holdings PLC
05 May 2017
FBD Holdings plc
Chairman's Address to the Annual General Meeting
5 May 2017
In the course of his address to shareholders at the Annual General Meeting today, the Chairman, Mr. Michael Berkery, will make the following statement on current trading:
"FBD continues to make progress in improving profitability helped by strong underwriting actions and favourable weather year to date. We have maintained excellent levels of retention of key customer groups through our strong customer relationships and the level of service we provide.
The hardening of insurance rates has continued into 2017 albeit at a more moderated level as we maintain our focus on underwriting discipline and profitability.
The injury claims environment remains uncertain and FBD welcomes the increased attention and action this is receiving from Government. FBD believes that sustained public policy action is needed to improve the claims environment in Ireland. We note the progress to date on the recommendations from the Cost of Insurance Working Group.
The Group's low risk investment allocation has provided a return largely in line with expectations since the start of the year.
Year to date the Group has seen a steady improvement of its key measure, Combined Operating Ratio, towards the target range of mid to high nineties."
ENDS
Enquiries Telephone FBD Holdings plc Fiona Muldoon, Group Chief Executive +353 1 409 3208 John O'Grady, Chief Financial Officer +353 1 409 3399 Peter Jackson, Head of Investor Relations +353 1 409 2379 Powerscourt +353 83 4488 Jack Hickey 339
About FBD Holdings plc
The FBD Group was established in the 1960s and is one of Ireland's largest property and casualty insurers looking after the insurance needs of farmers, private individuals and business owners.
Forward Looking Statements
Some statements in this announcement are forward-looking. They represent expectations for the Group's business, and involve risks and uncertainties. These forward-looking statements are based on current expectations and projections about future events. The Group believes that current expectations and assumptions with respect to these forward-looking statements are reasonable. However, because they involve known and unknown risks, uncertainties and other factors, which are in some cases beyond the Group's control, actual results or performance may differ materially from those expressed or implied by such forward-looking statements.
The following details relate to FBD's ordinary shares of EUR0.60 each which are publicly traded:
Listing Irish Stock Exchange UK Listing Authority Listing Category Premium Premium (Equity) Trading Venue Irish Stock Exchange London Stock Exchange Market Main Securities Main Market Market ISIN IE0003290289 IE0003290289 Ticker FBD.I or EG7.IR FBH.L
FBD Holdings plc, FBD House, Bluebell, Dublin 12
Registered in Dublin, Ireland Registered Number 135882
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
May 05, 2017 02:00 ET (06:00 GMT)
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