FBD insurance reports record profits of €87m

THE farmer founded and controlled insurance company FBD is on course for the best year ever.

The half-year interim results show excellent growth performance, claims down by €8m and an increase of 29% in profit to an all time record of €87m for the half year.

The company was founded on the foresight of a small group of people, largely headed by the far seeing and inspirational Dr Paddy O'Keeffe, the NFA, and supported by thousands of committed farmers all over the country. From small beginnings it has grown to be a major force in the insurance industry in this country.