Professional
Added to YB: 2025-04-29
Pitch date: 2025-04-25
EG7.F [neutral]
FBD Holdings plc
Author Info
Symmetry Invest is a portfolio that focuses on Small- and Mid-cap stocks primarily in Europe and the USA. The long-term objective is to deliver the highest possible growth in net asset value per share at the lowest possible risk. Visit their website.
Company Info
FBD Holdings plc, through its subsidiaries, engages in the underwriting of general insurance to farmers, private individuals, and business owners in Ireland.
Market Cap
EUR 488.2M
Pitch Price
N/A
Price Target
N/A
Dividend
14.71%
Sector
Insurance
Category
value
Symmetry Invest A/S Portfolio Holding: FBD HOLDINGS PLC
EG7.F (holding update): FBD Holdings up 12% in premium income (2024), gaining market share in core agricultural segment. ROE >15%, trading below book value at 7x P/E (5-6x adjusted for overcapitalized balance sheet). 15%+ dividend yield offers strong returns without capital appreciation. Conservative reserving, strong profitability.
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