Analysts see FBD losses rising and dividend delayed further if Covid insurance court case is lost 

Four test cases brought by pub owners over FBD's refusal to pay out on business disruption over the pandemic are awaiting verdicts.

FBD could face higher gross losses if it loses its Covid insurance test case, Davy has said. FBD's decision over reinstating shareholder dividends could also be delayed if the case goes against it.

Insurer FBD is expected to incur higher-than-anticipated gross losses and further delay reinstating shareholder dividends if the High Court mirrors a ruling in the UK allowing for businesses to be paid disruption insurance because of the Covid-10 pandemic.

Earlier this week, the High Court deferred delivering its judgment in four test cases brought by pub owners over FBD's refusal to pay out on business disruption over the pandemic. Awaiting the outcome of a similar case in the UK, the High Court will now rule on February 5.