News Article

Credit Insurance

Coface posts 2014 results in line with objectives and proposes distribution of €0.48 per share

By CreditMan Wednesday, February 18, 2015

  • Turnover +1.6% at constant scope and exchange rates
  • Solid client retention rate, at 89,2 % and new contracts production up 7%
  • Improvement in combined ratio after reinsurance to 79,7% (- 2,8 points)
  • Current operating income at constant scope and exchange rates
  • Net income per share of €0.80, distribution rate 60% and net income

Jean-Marc Pillu, CEO of the Coface Group, commented:

“We are pleased to publish full-year results in line with our expectations. Coface has once again demonstrated the pertinence of its profitable growth model this year. Our innovative product offering, appropriate distribution channels, extensive international presence and prudent risk management have all contributed to the significant improvement in our results.”