FBD Holdings PLC Trading Statement (5814Y)
10 May 2019 - 4:00PM
UK Regulatory
TIDMFBH
RNS Number : 5814Y
FBD Holdings PLC
10 May 2019
FBD Holdings plc
Chairman's Address to the Annual General Meeting
10(th) May 2019
In the course of his address to shareholders at the Annual
General Meeting today, the Chairman, Mr. Liam Herlihy, will make
the following statement on current trading:
"FBD's 2019 trading performance to date has been good. The
underlying profitability of the business is sound as we maintain
our underwriting and pricing discipline in the face of continuing
strong competition. Weather in the year to date has been benign
with no significant events occurring.
While the current low interest rate environment persists, the
global macroeconomic outlook has improved compared to Q4 2018. This
has benefited our investment return in the year to date.
FBD has a strategy of growing its urban presence in a
disciplined fashion and continuing to maintain its large market
share in rural Ireland through the delivery of outstanding products
and customer service. Brexit, and its likely impact, remains a
major source of uncertainty for FBD, Irish farmers and Irish
businesses. We continue to plan for any operational impacts which
may arise and we will continue to support our customers through
this transition."
Enquiries Telephone
FBD Holdings plc
Michael Sharpe, Investor Relations +353 1 409 3962
Powerscourt
Eavan Gannon +353 87 236 5973
About FBD Holdings plc
FBD is one of Ireland's largest property and casualty insurers,
looking after the insurance needs of farmers, consumers and
business owners. Established in the 1960s by farmers for farmers,
FBD has built on those roots in agriculture to become a leading
general insurer serving the needs of its direct agricultural, small
business and consumer customers throughout Ireland. It has a
network of 34 branches nationwide.
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 Euronext Dublin UK Listing Authority
Listing Category Premium Premium (Equity)
Trading Venue Euronext Dublin London Stock Exchange
Market Main Securities Market Main 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
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END
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