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IPB Insurance: Strong Surplus, Local Investments
Description
Irish Public Bodies Insurance (IPB) reports a robust surplus of €52 million in 2025, despite significant payouts from Storm Éowyn. Their strategic investments and tight underwriting contributed to nearly €180 million in policy revenue. IPB, a member-owned mutual since 1926, maintains solvency at 2.7 times the required level, reinvesting surpluses for local councils, health bodies, and community groups. To celebrate their centennial, they launched a €3.1 million fund for local environmental projects.
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