FBD's losses from weather events in January 2025 were substantially higher than in the same period of 2024, totaling €30.6m. The year experienced severe weather, with Storm Éowyn bringing heavy winds and rain, leading to widespread disruptions. The first-half profit fell to €17m from €32m, primarily due to increased claims activity. Approximately 90% of claims have been resolved. FBD warned that ongoing severe weather could increase reinsurance costs and affect policy availability, even as its insurance revenue grew by 10.6% to €235.1m in the first half of 2025.
FBD reported a net expected cost of €30.6m due to January's severe weather events, substantially higher than the €14.7m incurred for all of 2024.
Severe weather events in early January, including heavy snowfall and Storm Éowyn, led to a significant surge in claims activity and a slump in FBD's half-year profit to €17m.
The company warned that increased frequency and severity of weather events may affect the cost and availability of reinsurance, leading to potentially higher costs.
Total insurance revenue for FBD in the first half of 2025 rose to €235.1m, reflecting a 10.6% increase, despite rising claims due to bad weather.
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