Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

My final question is for the actuaries. Their presentation seems to rationalise the reasons premiums have increased so much. They set out the background and the reasons and, in a sense, a justification for it. They do not reach any conclusion as to whether it is justified, but do we have data on the financial performance of the Irish arms of the multinational insurance firms? The witnesses gave a number of examples of financial performance, but do we have data on the performance of the Irish operations of the insurance firms? Can they give us a sense of that? Have the insurers been losing money in the motor insurance market in Ireland in the past three or four years? What is the picture?