FBD reports massive increase in operating profits

FBD Holdings, one of the largest providers of property and casualty, life, commercial, and health insurance in Ireland, has announced its preliminary results for the year to December 2003.

Operating profit amounted to €110.5m compared to €37.5m for 2002, resulting in an operating EPS of 227.5 cent, up from 75.34 cent in 2002.