Fortis reports Euro 28bn loss although international GI arm is in the black
Fortis this morning reported that its insurance activities reported a total net profit of EUR 6m in 2008, including a negative impact from write-downs on the investment portfolio of EUR 639m net-of-tax.
Fortis's overall 2008 net result was a loss of EUR 28.0 bn compared with a profit of EUR 4.0bn in 2007.
The loss in 2008 was due to the EUR 27.4 bn negative result of discontinued operations, caused
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