Coface Group

Key figures

H1 - 2017 Results

Coface H1-2017 Results: Operating income up 17.5% and net income at €20.2m Improving guidance for 2017: net loss ratio 3pts better, at below 58% 
  • Turnover: €691.7m down (0.5)% at constant scope1 and exchange rates
- Q2-2017 turnover up 1.2% on a comparable basis
- +2.1% in mature markets for the quarter, driven by insured clients’ turnover
- Contraction eased in emerging markets
  • Net loss ratio 58.3%, net combined ratio 93.7%
- 3.6 points improvement in gross loss ratio to reach 54.2% in Q2-2017 (compared with 57.8% in Q1-2017), on back of Asian turnaround (61.5%)
- Net loss ratio stable at 58.3%. Reversal of positive foreign exchange (FX) rate effect seen in Q1-2017: excluding FX, net loss ratio improved by 4.8 points (55.5% in Q2-2017)
- Net cost ratio 35.5% and 34.0% excluding fiscal one-off charge in Italy
  • Net income €20.2m
- Operating income up 17.5% to €46.5m
  • Fit to Winis progressing as planned, full year net loss ratio guidance upgraded
- Information, risk infrastructure and technology investments continuing
- €5.4m cost savings year-to-date, in line with €10m objective for the year
- Improved net loss ratio guidance for 2017: below 58%
  • Estimated solvency ratio: 148%2, in target range
 
Unless otherwise stated, changes are in comparison with H1-2016
1 Constant perimeter = excluding State Export Guarantees Management (€25.7m revenues in H1-2016).
Coface ceded this activity as of 1 January 2017; 2016 figures impacted by this activity have been restated so as to be comparable to 2017
2 The estimated Solvency ratio disclosed in this presentation is a preliminary calculation based on the interpretation by Coface of Solvency II.
Final calculation could result in a different Solvency ratio. The estimated Solvency ratio is not audited.

H1 2017 Results

Simplified consolidated balance sheet

bilan-EN

Simplified consolidated income statement

cr-EN
Titre-RésultatsEN

Q1 2017 Results

Simplified consolidated balance sheet

Simplified consolidated balance sheet

Simplified consolidated income statement

IncomeStatementEN
Titre-Résultatsen

FY 2016 Results

Simplified consolidated balance sheet

simplified-EN

Simplified consolidated income statement

simplified-income-EN

H1 2016 Results

Simplified consolidated balance sheet

Simplified consolidated balance sheet

Simplified consolidated income statement

Simplified consolidated income statement

9M 2016 Results

Simplified consolidated balance sheet

Simplified-consolidated-balance-sheet

Simplified consolidated income statement

IncomeStatement

Q1 2016 Results

Simplified consolidated balance sheet

Simplified consolidated balance sheet 2016 Q1

Simplified consolidated income statement

ComptederesultatsEN
2015

FY 2015 Results

Simplified consolidated balance sheet

bilanconsolidesimplifieEN

Simplified consolidated income statement

comptederesultatEN

9M 2015 results

Simplified consolidated balance sheet

Simplified-consolidated-balance-sheetFR

Simplified consolidated income statement

Simplified-consolidated-income-statement

H1 2015 Results

Simplified consolidated balance sheet

SIMPLIFIED-CONSOLIDATED-BALANCE-SHEET

Simplified consolidated income statement

SIMPLIFIED-CONSOLIDATED-INCOME-STATEMENT

Q1 2015 Results

Simplified consolidated balance sheet

BilanEN

Simplified consolidated income statement

CompteRésultatEN
2014Results

FY 2014 Results

Simplified consolidated balance sheet

BCS_EN_reference

Simplified consolidated income statement

CRCS_EN_reference

9M 2014 results

Simplified consolidated balance sheet

CRCS_EN

Simplified consolidated income statement

BCS_EN

H1 2014 Results

Simplified consolidated balance sheet

balance-sheet-EN

Simplified consolidated income statement

income_EN

Q1 2014 results

Simplified consolidated balance sheet

Balance sheet

Simplified consolidated income statement

Income statement
Top
  • English
  • Français