FBD’s trading update is in line with expectations, with good momentum on customer numbers and growth in Gross Written Premium (GWP). Investment returns are negatively contributing, but capital/solvency levels remain robust. We see the update as supportive of the investment case, with good business momentum, while the strong solvency position – materially above target – provides good insulation in volatile investment markets to FBD’s distribution policy.
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Warning: The value of your investment may go down as well as up and you may lose some or all of the money you invest. Past performance is not a reliable guide to future performance. Investments denominated in a currency other than your base currency may be affected by changes in currency exchange rates.
Davy Select is designed for investors who are comfortable making their own investment decisions, without financial advice; this is known as “execution-only”. Execution-Only is not for everyone. You should ensure that you fully understand any investment and the associated risks before making a decision to invest. Alternatively, Davy can arrange for you to open a different type of account, where we can advise you in relation to investment decisions, or where we can manage investments on your behalf.
This website does not constitute investment advice as it does not take into account the investment objectives, knowledge and experience or financial situation of any particular person or persons. Prospective investors are advised to make their own assessment of the information contained herein and obtain professional advice suitable to their own individual circumstances.
J & E Davy Unlimited Company, trading as Davy and Davy Select, is regulated by the Central Bank of Ireland.