FBD Holdings PLC Annual Shareholders Meeting TranscriptMay 12, 2021- FBD Holdings PLC Annual Shareholders Meeting TranscriptJul 31, 2020
- Full Year 2019 FBD Holdings PLC Earnings Call TranscriptFeb 27, 2020€8.9 (-0.67%)Earnings
- Half Year 2019 FBD Holdings PLC Earnings Call TranscriptAug 01, 2019€9.8 (+2.73%)Earnings
- Full Year 2018 FBD Holdings PLC Earnings Call TranscriptFeb 27, 2019€8.98 (+1.58%)Earnings
Half Year 2019 FBD Holdings PLC Earnings Call Transcript
Good morning, everybody, and thank you very much for coming along to our 2019 interim results. As usual, John O'Grady, our Chief Financial Officer, and I will do a short presentation and then we'll be available for questions immediately after.
So if I could kick us off before I hand over to John, with a short overview of the key highlights. It's a very strong half year profit at EUR 38.7 million before tax. This is a strong underlying underwriting profitability, a very benign, exceptionally benign winter and there was no storm. Storm Emma is in the year ago results, but also very little by way of attritional weather as well. And a strong one-off, we believe, investment return as the markets rally. John will take you through that in more detail later.
So the underlying combined ratio, as I said, is a very healthy 82.5%. The current year combined ratio is 87.8%. So there is some EUR 8 million in prior year positive reserve development in the number. Our net asset value is up about 10%. This was 818c at 31/12 and it is
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