Fortis Insurance posts profit in wake of €28bn loss

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Fortis Insurance posts profit in wake of €28bn loss

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03-31-2009, 04:00 PM

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Fortis Insurance posts profit in wake of €28bn loss

Fortis Insurance has reported its 2008 results with a full year net profit of €6 million, which came despite €639 million of investment losses.All of the insurance unit’s profit was made in its Belgium branch, with the international insurance business only breaking even.The insurance unit’s profit was dwarfed, however, by the Fortis banking disaster which [...]

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