Total gross inflow first nine months stable at EUR 11.4 billion
(Thomson Reuters ONE) - Insurance net profit year-to-date of EUR 371 million Group net profit of EUR 1,082 millionHighlights* Year-to-date total gross inflow, including non-consolidated joint ventures at 100%, of EUR 11.4 billion, in line with last year ; third quarter gross inflow of EUR 3.5 billion, up 1% year-on-year. Year-to-date total gross inflow of non-consolidated joint ventures of 100% at EUR 2.8 billion, third quarter gross inflow of EUR 0.9 billion.o Year-to-date Life gross inflow of EUR 9.1 billion (+1%);Third quarter gross inflow EUR 2.8 billion (+2%);o Year-to-date Non-Life gross written premiums of EUR 2.3billion (-1%); Third quarter gross written premiums of EUR 0.7billion (-3%);* Year-to-date net profit Insurance after minorities of EUR 371 million (AG Insurance EUR 301 million and Fortis Insurance International EUR 70 million); Third quarter net profit Insurance after minorities of EUR 143 million;* Year-to-date net profit General of EUR 711 million; Third quarter net profit of EUR 53 million, including a EUR 83 million positive impact on revaluation call option on BNP Paribas shares;* Capital position remained strong; Total insurance solvency ratio at 232%.CEO Bart De Smet said: "Our insurance operations continued to performwell in the third quarter and remain solid and stable. We continue toexpect inflows for the full year to be at least in line with lastyear.On 25 September we published the conclusions of our strategic review.We have announced new partnerships in the UK and Italy, wedemonstrated the creation of value in Thailand and decided to sell ordiscontinue subscale operations such as Luxemburg Non-Life andRussia. Each of these developments illustrates our firm commitment toexecution and the proactive development of our insurance portfoliogoing forward. We will continue to manage the company in such a waythat Fortis is and remains a solid and prudently managedinternational insurer". All figures in this document are unaudited.http://hugin.info/134212/R/1355470/329022.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 17.11.2009 - 07:32 Uhr
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