Insurers back in spotlight as FBD doubles profits to €100m

Shares in FBD surged 9% after the insurer said it will report "significantly" strong profits for 2019

In a brief trading update released just weeks before the insurer posts full-year earnings, it revealed pre-tax profits will be "at least" €100m, "significantly ahead of market expectations". Profits of around €100m would be double the €50m the insurer posted for 2018.