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Fortis back in the black

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Fortis back in the black
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Belgium-based insurance group Fortis said it returned to profit last year.

As a result it resumed paying a dividend to shareholders.

Net profit was almost 1.2 billion euros from a massive 28 billion euro loss in 2008.

Fortis – which is about to change its name to ageas – was rescued and split up by the Dutch, Belgian and Luxembourg governments in late 2008 which sold off the banking arm.