ICMIF member IPB Insurance (Ireland) has announced strong financial results for 2025 as it celebrated its 100th Annual General Meeting (AGM) in Dublin on 1 May 2026.
Held at the Mansion House, the AGM marked a major milestone for Ireland’s only indigenous mutual general insurer as it enters its centenary year.
IPB Insurance reported a EUR 52 million surplus for the full year despite what it described as a more challenging claims environment, including the impact of Storm Éowyn. The insurer said the result reflected the strength of its mutual business model, disciplined underwriting approach and robust investment strategy.
Speaking at the AGM, CEO John Kearns said: “Our results reflect the strength of our mutual model, disciplined underwriting and a robust investment strategy, while continuing to return tangible value to Members and customers through distributions, competitive pricing and enhanced service. Maintaining strong solvency allows us to support our Members with confidence, invest for the long term and remain resilient in a changing risk environment.”
As part of its centenary celebrations, IPB Insurance also announced the launch of a EUR 3.1 million Local Environmental Action Fund in partnership with its local authority members. The initiative will support community and voluntary environmental projects across Ireland.
The announcement coincides with the first anniversary of the national Tidy Towns insurance scheme, which provides insurance cover at no cost to eligible groups to reduce financial and administrative barriers for volunteers.
Chair John Hogan (pictured) said the centenary was an opportunity to reflect on the continued relevance of the insurer’s founding purpose: “Our centenary is a moment to reflect on the enduring relevance of IPB’s founding purpose. As the State’s only 100% Irish-owned insurer and only indigenous mutual general insurer, IPB exists solely to serve its Members and customers, with no external private shareholder interest. The continued strength of our financial performance and exceptionally high levels of Member engagement demonstrate the value of the mutual model, built on trust, partnership and long-term stewardship.”
Founded in 1926, IPB Insurance was established to retain insurance capacity and financial value within Ireland while supporting public bodies and community-focused organisations.
As it enters its second century, the mutual insurer said it remains committed to supporting members, strengthening community resilience and ensuring the long-term sustainability of Ireland’s only indigenous mutual insurer.
