COFACE Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	1,499	1,513	1,559	1,516	1,313
Total Interest & Dividend Income	56.59	37.58	-7.03	15.15	24.03
Gain (Loss) on Sale of Investments	-	14.31	18.17	19.14	2.62
Non-Insurance Activities Revenue	71.88	73.69	72.69	70.41	64.4
Other Revenue	276.72	258.23	236.48	212.95	190.82
Total Revenue	1,904	1,897	1,879	1,833	1,595
Revenue Growth (YoY)	0.38%	0.92%	2.51%	14.98%	7.90%
Policy Benefits	1,122	505.77	558.05	537.69	280.46
Policy Acquisition & Underwriting Costs	-	196.48	196.67	170.14	259.32
Selling, General & Administrative	331.28	655.64	613.33	604.24	270.99
Non-Insurance Activities Expense	-0.11	-0.17	0.53	-0.31	13.03
Other Operating Expenses	6.4	-	-	-	155.92
Reinsurance Income or Expense	-111.85	-118.44	-104.24	-138.64	-314.29
Total Operating Expenses	1,571	1,476	1,473	1,450	1,294
Operating Income	332.49	420.58	406.55	382.92	300.51
Interest Expense	-40.9	-42.96	-34.27	-29.61	-21.48
Currency Exchange Gain (Loss)	-	-2.71	-38.67	-16.14	15.53
Other Non Operating Income (Expenses)	-	0	-0	0	-0
EBT Excluding Unusual Items	291.59	374.91	333.61	337.18	294.56
Merger & Restructuring Charges	-	-3.27	-1.63	-2.21	-2.74
Other Unusual Items	-	-5.37	-3.32	-7.32	-0.44
Pretax Income	291.59	366.27	328.65	327.64	291.39
Income Tax Expense	68.95	105.23	88.03	86.92	67.51
Earnings From Continuing Ops.	222.64	261.04	240.62	240.72	223.87
Minority Interest in Earnings	-0.64	0.03	-0.12	-0.27	-0.06
Net Income	222.01	261.07	240.5	240.44	223.82
Net Income to Common	222.01	261.07	240.5	240.44	223.82
Net Income Growth	-14.96%	8.55%	0.02%	7.43%	169.98%
Shares Outstanding (Basic)	149	149	149	149	149
Shares Outstanding (Diluted)	149	149	149	149	149
Shares Change (YoY)	-0.11%	0.08%	-0.01%	0.01%	-0.88%
EPS (Basic)	1.49	1.75	1.61	1.61	1.50
EPS (Diluted)	1.49	1.75	1.61	1.61	1.50
EPS Growth	-14.86%	8.70%	0%	7.33%	172.73%
Free Cash Flow	202.05	326.65	268.82	423.19	309.79
Free Cash Flow Per Share	1.36	2.19	1.80	2.84	2.08
Dividend Per Share	-	1.400	1.300	1.520	1.500
Dividend Growth	-	7.69%	-14.47%	1.33%	172.73%
Operating Margin	17.46%	22.17%	21.63%	20.89%	18.85%
Profit Margin	11.66%	13.76%	12.80%	13.11%	14.04%
Free Cash Flow Margin	10.61%	17.22%	14.30%	23.08%	19.43%
EBITDA	366.34	462.05	431.34	408.07	320.24
EBITDA Margin	19.24%	24.36%	22.95%	22.26%	20.08%
D&A For EBITDA	33.85	41.48	24.79	25.15	19.73
EBIT	332.49	420.58	406.55	382.92	300.51
EBIT Margin	17.46%	22.17%	21.63%	20.89%	18.85%
Effective Tax Rate	23.64%	28.73%	26.79%	26.53%	23.17%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.