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impact. I will come back to some of that information in a moment. With regard to the operating profits for motor insurance companies before interest and tax deduction, the position shows that operating profit displays annual variability and has fallen from … latest national claims information database, NCID, private motor report 7 shows, on page 29, that operating profits for motor insurance companies, taking account of tax, interest costs and other expenses deducted, have also displayed variability over the years. The relevant figure

know, have a specific meaning that is well understood internationally. It is always before tax and interest deductions. Will the Minister set out the operating profits of motor insurance companies and in the public and employer liability insurance market using this standard definition

asked the Tánaiste and Minister for Finance the operating profits of motor insurance companies and public and employer liability insurance using a standard definition of operating profits, that is, after paying all business expenses but before tax and interest deductions from 2020 to 2025, by year

definition of operating profits. When we talk about the operating profits of any company, that means operating profits before tax or interest is deducted. That is the standard definition. The Central Bank uses its own definition which has under-reported the profits of the insurance industry … using the standard definition. In the past five years the Central Bank has under-reported operating profits just in the motor sector by €114 million. This is money that is extracted from people to keep their cars on the road. Will the Minister for Finance engage? The Central

asked the Tánaiste and Minister for Finance the operating profits of motor insurance companies and public and employer liability insurance using a standard definition of operating profits, that is, after paying all business expenses but before tax and interest deductions from 2020 to 2025, by year