FBD posts surge in profit as group pays out another €36m to shareholders

Insurer's pre-tax profit grew by 24% in 2023 to more than €81m

FBD Insurance, South Mall, Cork. Picture Denis Minihane.

Insurance firm FBD posted a surge in profit last year with the firm benefiting from continued growth in insurance revenue coupled with positive investment returns which will see €36m paid out in regular dividends to shareholders for a third consecutive year.

The dividend comes on the back of a "robust" year for the insurance firm, with pre-tax profit in 2023 growing by 24% to more than €81.4m.