Pre-tax profit at insurance company FBD tumbled by almost 83% in the first half of the year as winter storms took their toll on the insurer’s business.

FBD has no plans to increase home insurance premiums, but it expects to see a rise in claims costs on the back of the harsh weather conditions.

FBD’s management has said it is getting closer to its stated goal of delivering shareholders a dividend of up to 50% of annual earnings per share and claims the group can continue to outperform its peers.

FBD insurance reported strong pre-tax profits for the second year in a row as the weather improved following the freak conditions of 2010.

Insurance company FBD posted a solid performance over the first six months of 2012, which included a marginal increase in pre-tax profit and a rise in market share.

Insurance giant FBD has returned to profit on a pre-tax basis for the first time in four years, but has warned that insurance costs for customers will be higher this year.

IF you’ve taken on a ‘new you’ programme to counteract the excesses of the festive season, you deserve every credit.

INSURANCE giant FBD has made a further step towards refocusing its business on its core interests, by selling three subsidiaries for a combined €8.5 million.

FBD shareholders have unanimously voted in favour of the financial services group hiving off its non-core property and leisure division into a joint venture vehicle.

INSURANCE premiums could come down next year because fewer people are making motor and property insurance claims.

GIVEN the tough market conditions in the general insurance sector, FBD reported strong operating profits that rose 41% to €40.7 million in 2010.

FBD is not planning any premium hikes despite paying out €50 million as a result of the big freeze and the floods last year.

Insurer FBD this morning posted what it called "strong" results for the first half of 2010, with operating profits of €11.3m for the six months to end June.

AN online tool designed to enhance farm safety and reduce risk has attracted hundreds of hits since it was piloted in March.

FBD, the country’s second largest general insurer, has warned that increases of up to 10% for some general insurance products are on the cards due to the rising cost of claims.

EXPORT earnings from the agri-food sector have the potential to grow by more than €2 billion, an increase of 29% on 2008, creating at least 16,000 new jobs in the next few years.

A MAJOR economic forum of Irish farming and food industry leaders will be held at the RDS in Dublin next month.

INSURANCE premiums are likely to increase by up to 15% having already soared around 20% over the last year.

INSURANCE premiums will increase this year as FBD posts losses of more than €33 million for 2008, compared to €140m profit reported the previous year.

Some 300 jobs were lost today as two companies cut their workforce.

FBD Holdings has appointed Cathal O’ Caoimh as finance director.

FBD chief executive Philip Fitzsimons received just over €1 million in pay and bonuses last year — an increase of €47,000 on the previous year.

IRISH financial services group FBD Holdings said yesterday business continued to grow, as momentum from last year continued into 2006.

IRISH financial services group FBD Holdings said yesterday business continued to grow, as momentum from last year continued into 2006.

FBD Holdings has announced the appointment of Andrew Langford to the Board as executive director of finance and Adrian Taheny as executive director of insurance, marketing and sales.