Oireachtas Joint and Select Committees
Thursday, 6 October 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Rising Costs of Motor Insurance: Discussion (Resumed)
10:00 am
Kieran O'Donnell (Fine Gael) | Oireachtas source
As far as I am concerned, share capital and reserves are all capital. They cannot increase their share capital. The only way they can increase their capital is to increase their reserves. The only way they can increase their reserves is by increasing their profits. The only way they can increase their profits is by charging higher premiums.
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