Ageas N.V.

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Publicatie datum 04 aug 2008 - 07:56

Statutaire naam Ageas N.V.

Titel Results first half-year 2008

Bericht Fortis’s first half year net profit of EUR 1,638 million Net profit up 3% in second quarter 2008 to EUR 830 million, but environment is becoming more difficult • Fortis first half year 2008 net profit of EUR 1,638 million, down 41% compared to a very strong first half of 2007. Excluding EUR 591 million net of tax impact of credit market turmoil, net profit decreased by 21% • First half year 2008 Fortis Banking - Net profit of EUR 1,185 million. This is after EUR 409 million net of tax impact of credit market turmoil - Net profit, excluding impact of credit market turmoil, was 24% lower year-on-year mainly due to lower capital gains and an increase in impairments on loans - Reported total income 6% up. Excluding treasury and financial markets results and capital gains, total income increased by 4% - Total expenses 4% higher. Excluding integration costs and consolidation of ABN AMRO Asset Management, total expenses were slightly down • First half year 2008 Fortis Insurance - First half year net profit of EUR 642 million. This is after EUR 182 million net of tax impact of credit market turmoil - Net profit, excluding net of tax impact credit market turmoil, 8% higher year-on-year. Windstorm Kyrill and floods impacted results in 2007 - Stable inflow at Life, Non-Life gross written premiums increased by 5% - Operating costs up 3%, mainly driven by growth initiatives and inclusion of acquired Fortis Insurance Company Asia • First half year 2008 Acquired ABN AMRO businesses - Pro-forma net profit of the acquired ABN AMRO businesses amounted to EUR 614 million - ABN AMRO Asset Management transferred and consolidated by Fortis • Second quarter net profit of EUR 830 million, up 3% on first quarter. This is after EUR 362 million net of tax impact of credit market turmoil. Excluding the net of tax impact of credit market turmoil: - Net profit Fortis up 15% compared to first quarter - Net profit of the Bank largely unchanged - Net profit of Insurance higher due to better

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Datum laatste update: 21 december 2025