FBD sees dip in profits

Insurance group FBD today reported that its first half operating profit fell from €86.9m to €75.7m, a fall of 13%.

Earnings per share fell from 173.11 to 192.07.

Chief executive Philip Fitzsimons said: "The Group maintained its strong trading performance in the period and achieved an operating profit of €75.7m. The main contributor to this outcome was the underwriting result."