FBD’s market share on the up

The insurance firm FBD reaffirmed full year operating earnings per share of €1.45 to €1.55 as well as growth in premium income and further market share gains, according to its latest interim management update.

There was an improvement in the company’s performance in the second half of the year. Gross written premiums grew 2% for the first nine months of the year, against 0.7% for the first six months.

“The group continues to outperform the market, which we estimate has declined by approximately 2% to 3% in the nine months,” it said in a statement.