COFACE SA (EPA:COFA)

COFACE Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	1,513	1,559	1,516	1,313	1,204
Total Interest & Dividend Income	49.18	-7.03	15.15	24.03	26.9
Gain (Loss) on Sale of Investments	-	18.17	19.14	2.62	-
Non-Insurance Activities Revenue	73.69	72.69	70.41	64.4	58.45
Other Revenue	258.23	236.48	212.95	190.82	188.08
Total Revenue	1,894	1,879	1,833	1,595	1,478
Revenue Growth (YoY)	0.78%	2.51%	14.98%	7.90%	-2.70%
Policy Benefits	1,056	558.05	537.69	280.46	623.65
Policy Acquisition & Underwriting Costs	-	196.67	170.14	259.32	238.45
Selling, General & Administrative	301.66	613.33	604.24	270.99	261.81
Non-Insurance Activities Expense	-0.17	0.53	-0.31	13.03	12.93
Other Operating Expenses	8.64	-	-	155.92	142.58
Reinsurance Income or Expense	-118.44	-104.24	-138.64	-314.29	-44.12
Total Operating Expenses	1,485	1,473	1,450	1,294	1,324
Operating Income	409.23	406.55	382.92	300.51	154.23
Interest Expense	-42.96	-34.27	-29.61	-21.48	-21.74
Currency Exchange Gain (Loss)	-	-38.67	-16.14	15.53	-
Other Non Operating Income (Expenses)	0	-0	0	-0	-
EBT Excluding Unusual Items	366.27	333.61	337.18	294.56	132.49
Merger & Restructuring Charges	-	-1.63	-2.21	-2.74	-5.82
Impairment of Goodwill	-	-	-	-	-0.85
Other Unusual Items	-	-3.32	-7.32	-0.44	1.79
Pretax Income	366.27	328.65	327.64	291.39	127.61
Income Tax Expense	105.23	88.03	86.92	67.51	44.7
Earnings From Continuing Ops.	261.04	240.62	240.72	223.87	82.9
Minority Interest in Earnings	0.03	-0.12	-0.27	-0.06	-0
Net Income	261.07	240.5	240.44	223.82	82.9
Net Income to Common	261.07	240.5	240.44	223.82	82.9
Net Income Growth	8.55%	0.02%	7.43%	169.98%	-43.50%
Shares Outstanding (Basic)	149	149	149	149	150
Shares Outstanding (Diluted)	149	149	149	149	150
Shares Change (YoY)	0.10%	-0.01%	0.01%	-0.88%	-0.53%
EPS (Basic)	1.75	1.61	1.61	1.50	0.55
EPS (Diluted)	1.75	1.61	1.61	1.50	0.55
EPS Growth	8.70%	-0.00%	7.33%	172.73%	-43.30%
Free Cash Flow	326.65	268.82	423.19	309.79	160.46
Free Cash Flow Per Share	2.19	1.80	2.84	2.08	1.07
Dividend Per Share	-	1.300	1.520	1.500	0.550
Dividend Growth	-	-14.47%	1.33%	172.73%	-
Operating Margin	21.61%	21.63%	20.89%	18.85%	10.44%
Profit Margin	13.78%	12.80%	13.12%	14.04%	5.61%
Free Cash Flow Margin	17.25%	14.30%	23.08%	19.43%	10.86%
EBITDA	446.74	411.36	408.07	320.24	167.84
EBITDA Margin	23.59%	21.89%	22.26%	20.08%	11.36%
D&A For EBITDA	37.51	4.81	25.15	19.73	13.61
EBIT	409.23	406.55	382.92	300.51	154.23
EBIT Margin	21.61%	21.63%	20.89%	18.85%	10.44%
Effective Tax Rate	28.73%	26.79%	26.53%	23.17%	35.03%

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