FBH Fbd Holdings Plc

 

TIDMFBH 
 
RNS Number : 0498E 
FBD Holdings PLC 
14 December 2009 
 

 
 
 
 
Update to Interim Management Statement issued on 19 November 2009 
Impact of Severe Weather Claims 
 
 
FBD Holdings plc ('FBD' or 'the Group') provides the following update to the 
Interim Management Statement issued on 19 November 2009 to take account of the 
impact of flooding in the south and west of Ireland.  It is likely that the cost 
to the Irish Insurance Industry of this unprecedented flooding will exceed the 
cost of any previous weather-related event. 
 
 
The Group estimates that the flooding will increase its net incurred claims 
costs for 2009 by between EUR8m and EUR9m, reducing earnings per share by 21 to 24 
cent. 
 
 
Barring further exceptional claims events during the remainder of the year, the 
Group is confident that full year operating earnings per share will be in the 
range of 75 to 80 cent. 
 
 
 
 
+-----------------------------------------+------------------------------+ 
| For Reference                           | Telephone                    | 
+-----------------------------------------+------------------------------+ 
|                                         |                              | 
+-----------------------------------------+------------------------------+ 
| FBD                                     |                              | 
+-----------------------------------------+------------------------------+ 
| Andrew Langford, Group Chief Executive  | + 353 1 409 3208             | 
+-----------------------------------------+------------------------------+ 
| Cathal O'Caoimh, Group Finance Director | + 353 1 409 3208             | 
+-----------------------------------------+------------------------------+ 
|                                         |                              | 
+-----------------------------------------+------------------------------+ 
| Murray Consultants                      |                              | 
+-----------------------------------------+------------------------------+ 
| Joe Murray                              | + 353 1 498 0300             | 
+-----------------------------------------+------------------------------+ 
 
 
 
FBD Holdings plc, FBD House, Bluebell, Dublin 12, Ireland 
Registered in Dublin, Ireland. Registered Number 135882 
 
 
 
 
FORWARD LOOKING STATEMENTS 
 
 
Some statements in this announcement are forward-looking. They represent 
expectations for the Group's business, and involve risks and uncertainties. 
These forward-looking statements are based on current expectations and 
projections about future events. The Group believes that current expectations 
and assumptions with respect to these forward-looking statements are reasonable. 
However, because they involve known and unknown risks, uncertainties and other 
factors, which are in some cases beyond the Group's control, actual results or 
performance may differ materially from those expressed or implied by such 
forward-looking statements. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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