Fortis GWP grows 11%

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.”