Insurer FBD Holdings has reported a slight fall in pre-tax profit in 2013, which it said was caused by a small number of very large accident and liability injury claims offsetting its strong investment performance.

The company said its profit before taxation was €51.5m last year, down €800,000 on its 2012 figure.

FBD said its capital base had been strengthened further during the year, with its solvency lever standing at 78.1% compared to 73.8% in the previous results.

The insurer has also reported an increase in customer numbers, with its market share increasing to its highest point ever at 13.4%.