FBD shares climb on profits outlook

Shares in FBD rose almost 5% as the insurer signalled it was on course to boost profitability as claims conditions had improved and premium prices had increased in recent months.

Chairman Michael Berkery told shareholders that profitability had improved “helped by strong underwriting actions and favourable weather year to date.”

He said: “We have maintained excellent levels of retention of key customer groups through our strong customer relationships and the level of service we provide.