Oireachtas Joint and Select Committees
Thursday, 4 July 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Insurance Sector: Discussion
Mr. Philip Bradley:
If one wants companies to compete and continue in any market they need to make a profit. Our shareholders would expect us to make a return from this market. If it is a market where there is no profitability, there will be fewer companies wishing to compete and bigger problems with supply. I would distinguish a profit margin that is reasonable to reflect the investment we have in this marketplace. I do not believe we have excessive profits.
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