InsightfulValue
← Home
🚀 Sign up Free for Public Company Valuation & Insights!

Sign up for free to get access to the best public company valuation and insights. Get started today and unlock the potential of your investments!

Sign up free   Video Highlights

Fortis
Fortis

Energy / Utilities and Energy Services

At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Company at a Glance

Overview
Fortis is a multinational financial services corporation that was founded in 1990 through a merger of Belgian and Dutch banks. The company offers a wide range of financial products and services, including banking, insurance, investments, and asset management.
Fortis has a strong presence in Europe, with operations in Belgium, the Netherlands, Luxembourg, and other countries. It also has a presence in Asia and North America through its subsidiaries. The company has a total of over 86,000 employees worldwide.
In 2008, Fortis faced financial troubles during the global financial crisis and was eventually bailed out by the governments of Belgium, the Netherlands, and Luxembourg. As a result, the company was split up and its banking and insurance operations were sold off to other companies.
Today, Fortis operates as a standalone insurance company under the name Ageas, while the banking operations were taken over by BNP Paribas. The company is headquartered in Brussels, Belgium and is listed on the Euronext Brussels stock exchange.
What is special about the company?
1. One of the Largest and Oldest Financial Services Companies: Fortis is one of the oldest financial services companies in the world, with a history dating back to 1841. It is also one of the largest insurance providers in Europe and Asia.
2. Global Presence: Fortis has a strong presence in over 30 countries across Europe and Asia, making it a truly global company. This allows them to offer a wide range of products and services to customers worldwide.
3. Diversified Portfolio: Fortis is not just limited to insurance, but also offers products and services in banking, asset management, and private equity. This diversification helps to mitigate risks and maintain a stable financial position.
4. Strong Financial Performance: Fortis has a track record of strong financial performance and has consistently delivered solid results to its stakeholders. This has helped them establish a strong reputation and build trust with their customers.
5. Innovation and Technological Advancement: Fortis is known for its innovative products and services, as well as its use of technology to improve processes and customer experience. This has helped them stay ahead of the curve in the fast-changing financial industry.
6. Focus on Corporate Social Responsibility: Fortis has a strong commitment to corporate social responsibility and has implemented various initiatives to support communities and the environment. This includes supporting education, healthcare, and sustainability projects.
7. Strong Ethical Standards: Fortis is committed to maintaining high ethical standards in all aspects of its business operations. This includes adhering to laws and regulations, protecting customer privacy, and promoting diversity and inclusion within the company.
8. Resilience and Adaptability: Fortis has shown resilience and adaptability during times of crisis, such as the 2008 financial crisis and the current COVID-19 pandemic. This demonstrates their ability to navigate challenges and maintain stability.
9. Award-Winning Company: Over the years, Fortis has received numerous awards and recognition for its financial performance, innovation, and corporate social responsibility. This further reinforces their reputation as a reputable and trustworthy company.
10. Strong Leadership: Fortis has a strong leadership team with extensive experience and expertise in the financial sector. This has helped the company make strategic decisions and maintain its position as a leading financial services provider.
What the company's business model?
The Fortis company is a multinational engineering and construction firm that provides infrastructure and energy solutions. Its business model is centered around designing, building, and maintaining various projects such as highways, roads, bridges, airports, power plants, water treatment facilities, and more. The company provides services in the areas of engineering, procurement, construction, project management, and maintenance. It also offers renewable energy solutions, including wind, solar, and hydroelectric power projects. Additionally, the Fortis company has a strong focus on sustainability and implements environmentally responsible practices in its projects. Its business model is based on long-term partnerships with clients, profitability, and continued growth and development.
Interesting facts about the company
1. Fortis is a multinational financial services provider based in Forti, Belgium.
2. The company was founded in 1990 through the merger of three Belgian companies: Générale de Banque, Banque Bruxelles Lambert, and the Rotterdam Beleggings Consortium.
3. Fortis is a Latin word which means strong or powerful.
4. The company has a presence in more than 20 countries and employs over 44,000 people.
5. In 2007, Fortis acquired a majority stake in Dutch bank ABN AMRO, becoming one of the largest financial institutions in Europe.
6. However, due to the global financial crisis in 2008, Fortis was forced to sell its stake in ABN AMRO to the Dutch government.
7. In 2009, the remaining assets of Fortis were split between the governments of Belgium, the Netherlands, and Luxembourg.
8. The company was renamed Ageas in 2010, and now focuses on insurance and asset management.
9. Ageas is currently one of the largest insurers in Europe, providing services to more than 40 million customers.
10. The Fortis/ Ageas group has a rich history of corporate social responsibility, supporting various initiatives in education, environment, and community development.
See Company Due Diligence:

Wait! There's more — sign up for free or log in

© 2024 - 2025 InsightfulValue.com. All rights reserved. Legal