COFACE SA (EPA: COFA)

COFACE Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	1,501	1,559	1,516	1,313	1,204	1,236
Total Interest & Dividend Income	43.01	-7.03	15.15	24.03	26.9	44.08
Gain (Loss) on Sale of Investments	18.17	18.17	19.14	2.62	-	-6.43
Non-Insurance Activities Revenue	71.36	72.69	70.41	64.4	58.45	64.11
Other Revenue	254.24	236.48	212.95	190.82	188.08	181.39
Total Revenue	1,888	1,879	1,833	1,595	1,478	1,519
Revenue Growth (YoY)	0.19%	2.51%	14.98%	7.90%	-2.70%	6.51%
Policy Benefits	466.8	558.05	537.69	280.46	623.65	536.25
Policy Acquisition & Underwriting Costs	452.31	196.67	170.14	259.32	238.45	242.68
Selling, General & Administrative	352.65	613.33	604.24	270.99	261.81	274.78
Non-Insurance Activities Expense	-9.52	0.53	-0.31	13.03	12.93	15.55
Other Operating Expenses	46.78	-	-	155.92	142.58	145.94
Reinsurance Income or Expense	-128.93	-104.24	-138.64	-314.29	-44.12	-77.96
Total Operating Expenses	1,438	1,473	1,450	1,294	1,324	1,293
Operating Income	450.26	406.55	382.92	300.51	154.23	225.59
Interest Expense	-42.32	-34.27	-29.61	-21.48	-21.74	-21.39
Currency Exchange Gain (Loss)	-38.67	-38.67	-16.14	15.53	-	-0.71
Other Non Operating Income (Expenses)	-2.04	-0	0	-0	-	-
EBT Excluding Unusual Items	367.23	333.61	337.18	294.56	132.49	203.49
Merger & Restructuring Charges	-1.63	-1.63	-2.21	-2.74	-5.82	-6.61
Impairment of Goodwill	-	-	-	-	-0.85	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	2.31
Other Unusual Items	-3.32	-3.32	-7.32	-0.44	1.79	2.96
Pretax Income	362.28	328.65	327.64	291.39	127.61	202.15
Income Tax Expense	103.64	88.03	86.92	67.51	44.7	55.43
Earnings From Continuing Ops.	258.63	240.62	240.72	223.87	82.9	146.72
Minority Interest in Earnings	-0.16	-0.12	-0.27	-0.06	-0	0.01
Net Income	258.48	240.5	240.44	223.82	82.9	146.73
Net Income to Common	258.48	240.5	240.44	223.82	82.9	146.73
Net Income Growth	5.79%	0.02%	7.43%	169.98%	-43.50%	19.94%
Shares Outstanding (Basic)	149	149	149	149	150	151
Shares Outstanding (Diluted)	149	149	149	149	150	151
Shares Change (YoY)	0.29%	-0.01%	0.01%	-0.88%	-0.53%	-1.85%
EPS (Basic)	1.73	1.61	1.61	1.50	0.55	0.97
EPS (Diluted)	1.73	1.61	1.61	1.50	0.55	0.97
EPS Growth	6.15%	-0.00%	7.33%	172.73%	-43.30%	22.78%
Free Cash Flow	279.22	268.82	423.19	309.79	160.46	233.41
Free Cash Flow Per Share	1.87	1.80	2.84	2.08	1.07	1.54
Dividend Per Share	1.300	1.300	1.520	1.500	0.550	-
Dividend Growth	-14.47%	-14.47%	1.33%	172.73%	-	-
Operating Margin	23.85%	21.63%	20.89%	18.85%	10.44%	14.85%
Profit Margin	13.69%	12.80%	13.12%	14.04%	5.61%	9.66%
Free Cash Flow Margin	14.79%	14.30%	23.08%	19.43%	10.86%	15.37%
EBITDA	456.73	411.36	408.07	320.24	167.84	241.51
EBITDA Margin	24.19%	21.89%	22.26%	20.08%	11.36%	15.90%
D&A For EBITDA	6.47	4.81	25.15	19.73	13.61	15.93
EBIT	450.26	406.55	382.92	300.51	154.23	225.59
EBIT Margin	23.85%	21.63%	20.89%	18.85%	10.44%	14.85%
Effective Tax Rate	28.61%	26.79%	26.53%	23.17%	35.03%	27.42%

Source: S&P Capital IQ. Insurance template. Financial Sources.