FBD reaffirms full-year guidance after 5% rise in gross written premiums 

FBD said investment markets have been volatile in recent months, impacted by geopolitical events, including the conflict in the Middle East

An FBD branch in Drumcondra, Dublin. Picture: Brian Lawless/PA

Irish insurer FBD has reaffirmed its guidance for the full year after a period of "sustained growth" with gross written premiums increasing by around 5% compared to the same period in 2025. 

The company also welcomed a "solid" underwriting performance, with claims remaining in line with expectations and not significantly impacted by the weather conditions experienced earlier in the year. 

Investment markets have been volatile in recent months, FBD said, due to geopolitical events, including the conflict in the Middle East. As of the end of April, the insurance provider said its investment return on the Income Statement has remained positive, supported by higher valuations of risk assets and increased income from our bond and cash portfolios.

However, returns through the Statement of Other Comprehensive Income were negative over the same period, reflecting lower bond valuations as risk free rates have risen.

It noted that the impact of lower bond valuations on its Capital Ratio is largely offset by higher discounting of claims liabilities and lower market risk charges.

"We reiterate our confidence in our underlying profitability, our solid capital position, our future growth prospects and continue our focus on delivering value for our customers and our shareholders," said the chief executive of FBD, Tomás Ó Midheach

"We reaffirm our guidance of a Combined Operating Ratio of low 90s being achievable for the full year 2026."