Gerry Horkan (Fianna Fail) | Oireachtas source

The return to FBD shareholders needs to come through higher premiums and higher profitability in other sectors because it is not getting it from there. The witnesses can disagree with me if they want, but when interest rates were better from an investment point of view or when bonds were paying out more, that effectively subsidised the shareholder return to an extent or subsidised the general insurance business to the extent that companies could afford to make less, lose more or whatever.