FBD Insurance posted a pre-tax loss of €9.3m for the first six months of 2020 after the company booked a €30m charge to cover potential claims and legal costs related to paying out business interruption insurance as a result of COVID-19.

Announcing half-year results last week, FBD said the €9.3m pre-tax loss included a near €5m underwriting loss in its core insurance business as well as a €3.3m loss on its portfolio of investments.