COFACE Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,486	1,499	1,513	1,559	1,516	1,313
Total Interest & Dividend Income	81.81	81.51	37.58	-7.03	15.15	24.03
Gain (Loss) on Sale of Investments	7.24	7.24	14.31	18.17	19.14	2.62
Non-Insurance Activities Revenue	72.24	71.88	73.69	72.69	70.41	64.4
Other Revenue	281.37	276.72	258.23	236.48	212.95	190.82
Total Revenue	1,928	1,936	1,897	1,879	1,833	1,595
Revenue Growth (YoY)	1.17%	2.07%	0.92%	2.51%	14.98%	7.90%
Policy Benefits	547.49	561.57	505.77	558.05	537.69	280.46
Policy Acquisition & Underwriting Costs	191.43	191.43	196.48	196.67	170.14	259.32
Selling, General & Administrative	700.23	700.23	655.64	613.33	604.24	270.99
Non-Insurance Activities Expense	6.23	-0.11	-0.17	0.53	-0.31	13.03
Other Operating Expenses	3.51	-0	-	-	-	155.92
Reinsurance Income or Expense	-116.71	-111.85	-118.44	-104.24	-138.64	-314.29
Total Operating Expenses	1,566	1,565	1,476	1,473	1,450	1,294
Operating Income	362.6	371.05	420.58	406.55	382.92	300.51
Interest Expense	-40.65	-40.9	-42.96	-34.27	-29.61	-21.48
Currency Exchange Gain (Loss)	-32.16	-32.16	-2.71	-38.67	-16.14	15.53
Other Non Operating Income (Expenses)	0	-	0	-0	0	-0
EBT Excluding Unusual Items	289.8	298	374.91	333.61	337.18	294.56
Merger & Restructuring Charges	-2.27	-2.27	-3.27	-1.63	-2.21	-2.74
Other Unusual Items	-4.13	-4.13	-5.37	-3.32	-7.32	-0.44
Pretax Income	283.4	291.59	366.27	328.65	327.64	291.39
Income Tax Expense	69.16	68.95	105.23	88.03	86.92	67.51
Earnings From Continuing Ops.	214.24	222.64	261.04	240.62	240.72	223.87
Minority Interest in Earnings	-0.74	-0.64	0.03	-0.12	-0.27	-0.06
Net Income	213.5	222.01	261.07	240.5	240.44	223.82
Net Income to Common	213.5	222.01	261.07	240.5	240.44	223.82
Net Income Growth	-16.19%	-14.96%	8.55%	0.02%	7.43%	169.98%
Shares Outstanding (Basic)	150	149	149	149	149	149
Shares Outstanding (Diluted)	150	149	149	149	149	149
Shares Change (YoY)	0.48%	0.09%	0.08%	-0.01%	0.01%	-0.88%
EPS (Basic)	1.43	1.49	1.75	1.61	1.61	1.50
EPS (Diluted)	1.43	1.49	1.75	1.61	1.61	1.50
EPS Growth	-16.51%	-15.02%	8.70%	0%	7.33%	172.73%
Free Cash Flow	176.68	200.64	326.65	268.82	423.19	309.79
Free Cash Flow Per Share	1.18	1.34	2.19	1.80	2.84	2.08
Dividend Per Share	1.250	1.250	1.400	1.300	1.520	1.500
Dividend Growth	-10.71%	-10.71%	7.69%	-14.47%	1.33%	172.73%
Operating Margin	18.80%	19.17%	22.17%	21.63%	20.89%	18.85%
Profit Margin	11.07%	11.47%	13.76%	12.80%	13.11%	14.04%
Free Cash Flow Margin	9.16%	10.36%	17.22%	14.30%	23.08%	19.43%
EBITDA	365.21	374.37	446.57	431.34	408.07	320.24
EBITDA Margin	18.94%	19.34%	23.54%	22.95%	22.26%	20.08%
D&A For EBITDA	2.61	3.32	26	24.79	25.15	19.73
EBIT	362.6	371.05	420.58	406.55	382.92	300.51
EBIT Margin	18.80%	19.17%	22.17%	21.63%	20.89%	18.85%
Effective Tax Rate	24.40%	23.64%	28.73%	26.79%	26.53%	23.17%

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