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FBD Insurance forecasts higher than expected profit of at least €70m

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Figure is significantly ahead of market expectations, the firm said, however strong underwriting results have been partially offset by a negative return on investments

FBD Insurance said it expects to record profit before tax of at least €70 million when its results are published next month.

The figure is significantly ahead of market expectations, the firm said, however strong underwriting results have been partially offset by a negative return on investments.In a trading update, the insurance company said it had benefited from low injury claims frequency, benign ...

 

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