Fortis first half 2005 net profit before results on divestments up 34% to EUR 2.1 billion


  •       First half 2005 net profit before results on divestments:
  •      Total net profit before results on divestments up 34% from EUR 1,571 million to EUR 2,100 million;
  • up 33% per share to EUR 1.64
  •      Banking net profit before results on divestments up 37%, from EUR 1,082 million to EUR 1,482 million
  • -      Total revenues up 9%
    -      Costs remained flat
    -      Lower impairments on loans
  •      Insurance net profit before results on divestments up 21% from EUR 564 million to EUR 684 million
  • -    Total gross inflow Life +34% to EUR 5,359 million
    -    Gross written premiums Non-life (excluding Assurant) up 2% to EUR 2,688 million
    -    Non-life combined ratio improved substantially, from 98% to 94%
     
  •       First half 2005 net profit up 18% to EUR 2,543 million compared with the very strong first half of 2004; earnings per share up 17% to EUR 1.98
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  •       Second quarter net profit before results on divestments amounted to EUR 1,056 million, up 1% compared to the exceptionally strong first quarter
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  •       Interim dividend per share amounts to EUR 0.52 in cash
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