FBD Insurance made a pre-tax loss of €9.3m for the first six months of 2020 due to a fall in insurance premiums coupled with a higher volume of insurance claims, mostly related to business interruption claims.

Announcing half year results on Friday, FBD said gross written premiums had dropped by 7% in the first half of the year to just over €176m due to a decline in motor premiums (-8%), farm insurance (-3%) and home insurance (-2%).