UK “remains main contributor” to non-life
Fortis UK non-life GWP grew by 11% from £177.7m in the fourth quarter of 2008 to £197.4m in the first quarter of 2009. It's non life GWP shot up 7% to £197.4m in the first quarter of 2009 compared to the £185m it reported in the first quarter of 2008.
Financial highlights (2008 Q1 in brackets)
- Fortis Insurance Belgium GWP €1,285m (€1,355m)
- Non-life €453m (€430m)
- Fortis Insurance International GWP €548m (€394m)
- Non-life €288m (€324)
- Fortis Insurance GWP €1,833m (€1,749m)
- Non-life €741m (€754m)
- Total €4,185m (€4,273m)
GWP by region
- UK €288m (€311m) – up from €210m in Q4 2008
- Portugal €217m (€244m)
- Luxembourg €12m (€11m)
Fortis said: “The strong commercial performance was due to the ability to continuously adjust the product offering to changing customer needs and the consistent focus on the multi-channel approach.”
“Fortis UK remains the main contributor to non-life, increasing its inflow quarter on quarter while maintaining a strong focus on profitability.”
