Half Year Results 2025

Commenting on these results, Tomás Ó Midheach, Group Chief Executive, said:

"We are pleased to announce a strong underlying performance for FBD for the first six months of 2025.

Our customer focused strategy continues to deliver, with the strong momentum built over recent years carrying through into 2025. Gross Written Premium (GWP) increased by approximately 10% compared to the same period in 2024 reflecting continued growth across our business. Customer retention remains consistently high, underpinned by the strength of our nationwide branch network, which provides trusted local expertise and support to the communities we serve.

We are grateful for the ongoing loyalty and connection to our customers which is central to everything we do at FBD.

We welcome the recent publication of the Government's Action Plan for Insurance Reform 2025 - 2029. Building on our support for the first action plan, we remain committed to this next phase and will continue to work closely with all stakeholders to help deliver progress on key priorities.

The first half of this year was not without challenge. Severe weather events, including heavy snowfall in January and Storm Éowyn led to a significant surge in claims activity. It is during these times that our customers rely on us the most. As of today, circa 90% of the weather-related claims have been resolved with the remainder progressing towards finalisation.

Despite volatility in investment markets, our investment return through the Income Statement has remained positive year to date.

Maintaining a strong capital position while delivering sustainable dividends continues to be one of our key goals. We are very pleased to confirm our Board have approved a special dividend of 75 cent per ordinary share. Our Solvency Capital ratio of 202%, which, after distributions, remains in excess of our target risk appetite, reflects the financial strength and stability of our business.

Looking ahead to the second half of 2025, we remain focused on maintaining our momentum. While mindful of ongoing uncertainties in the external environment, we are confident that our relationship driven approach, supported by a digitally enabled, data enriched organisation will continue to deliver long-term value for our customers and stakeholders alike.”