FINANCIAL PERFORMANCE
Full Year Results 2018
FIONA MULDOON, CEO
"Putting the customer at the heart of our business in combination with better risk selection and excellent claims and cost management are the key drivers of our excellent 2018 results.
Despite adverse weather, challenging investment returns and a competitive market, the team has delivered a healthy profit of €50m for the year."
"2018 is a great team result and we intend to continue to deliver on our strategy in the coming years. From fifty years in business we know that having the right insurance cover at the right price is in the long-term best interests of our customers."
Key Performance Stats
For the Year Ended 31st December 2018
€50mProfit before
tax
In line with €50m profit for 2017
81% Combined Operating Ratio
Improvement vs 86% equivalent figure for 2017
€372m Gross Written
Premium
Stable vs €372m premium written in 2017
15% Return on
equity
Building on 17% ROE for 2017
50c Per share dividend
proposed
Increase vs 24c 2017 dividend paid
"In 2019 we are focused on our growth plans as a strong, independent Irish business.
While the impact of any Brexit is unwelcome to FBD and to our customers, we are resilient and we will navigate this together with Irish farming and with all other Irish businesses."
