Shareholders in FBD Insurance will gather in Dublin today for the company’s AGM, which takes place at 11am in the Irish Farm Centre, Dublin 12.

It’s been a good year for shareholders in the insurance company after the board of FBD announced in early 2019 that it would more than double its annual dividend payout to shareholders to 50c/share.

This will see the group pay out more than €17.4m to shareholders, with the company’s largest shareholder, Farmer Business Developments, set to receive €4.3m in dividends thanks to its 24% stake in the company.

Good performance

Ahead of the AGM, FBD chair Liam Herlihy described the insurer's performance in 2019 as “good” thanks to mild weather conditions.

“FBD’s 2019 trading performance to date has been good. The underlying profitability of the business is sound as we maintain our underwriting and pricing discipline in the face of continuing strong competition. Weather in the year to date has been benign, with no significant events occurring,” said Herlihy.