COFACE Balance Sheet

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
Investments in Debt Securities	-	2,495	2,558	2,248	2,786	2,519
Investments in Equity & Preferred Securities	-	216.95	157.91	121.98	117.89	597.88
Total Investments	3,351	3,204	3,242	3,199	2,905	3,117
Cash & Equivalents	472.82	501.46	507.83	495.56	553.79	362.44
Reinsurance Recoverable	385.87	407.92	393.64	384.81	356.22	636.88
Other Receivables	3,865	3,558	3,557	3,402	3,337	3,479
Deferred Policy Acquisition Cost	-	68.09	54.51	-	-	38.9
Property, Plant & Equipment	89.11	83.74	85.36	81.82	91.09	102.06
Goodwill	170.15	173.7	159.26	157.69	158.44	158.06
Other Intangible Assets	93.34	0.26	0.22	0.28	0.4	0.25
Other Current Assets	-	0.45	0.19	2.4	10.33	10.46
Long-Term Deferred Tax Assets	67.07	-	-	89.9	90.69	58.35
Long-Term Deferred Charges	-	89.17	80.96	81.74	80	71.65
Other Long-Term Assets	0	3.26	3.32	3.67	3.53	3.75
Total Assets	8,494	8,090	8,084	7,898	7,586	8,039
Accrued Expenses	-	106.16	99.73	107.14	101.72	107.24
Insurance & Annuity Liabilities	1,426	2.98	44.38	72.94	100.28	277.58
Unpaid Claims	-	1,442	1,456	1,395	1,332	1,351
Unearned Premiums	-	-	-	-	-	287.5
Reinsurance Payable	-	-	-	-	-	229.47
Current Portion of Long-Term Debt	-	5.97	5.86	239.7	11.52	11.34
Current Portion of Leases	-	1.51	2.36	2.09	-	-
Short-Term Debt	3,438	3,072	3,125	2,893	2,927	2,699
Current Income Taxes Payable	130.6	132.62	70.84	51.92	61.68	80.71
Long-Term Debt	608.28	593.44	592.84	592.05	522.76	379.22
Long-Term Leases	68.52	66.84	68.17	65.53	74.62	81.93
Long-Term Deferred Tax Liabilities	108.79	117.74	118.25	143.89	125.44	120.33
Other Current Liabilities	381.25	0.07	4.11	0.03	0.22	3.48
Other Long-Term Liabilities	75.87	263.81	235.59	220.08	248.99	200.22
Total Liabilities	6,237	5,875	5,888	5,845	5,565	5,898
Common Stock	300.36	300.36	300.36	300.36	300.36	300.36
Additional Paid-In Capital	723.52	723.52	723.52	723.5	723.5	810.42
Retained Earnings	1,310	1,280	1,252	1,163	1,095	884.34
Treasury Stock	-	-30.1	-24.32	-23.61	-19.15	-15.72
Comprehensive Income & Other	-79.58	-61.16	-57.87	-112.83	-80.97	161.64
Total Common Equity	2,254	2,213	2,194	2,051	2,019	2,141
Minority Interest	2.86	2.28	2.22	2.17	2.27	0.31
Shareholders' Equity	2,257	2,215	2,196	2,053	2,021	2,141
Total Liabilities & Equity	8,494	8,090	8,084	7,898	7,586	8,039
Filing Date Shares Outstanding	148.92	149.26	149.31	149.01	149.06	149.03
Total Common Shares Outstanding	148.92	149.26	149.31	149.01	149.06	149.03
Total Debt	4,115	3,740	3,794	3,792	3,536	3,171
Net Cash (Debt)	-3,642	-3,239	-3,286	-3,297	-2,983	-2,809
Net Cash Per Share	-24.36	-21.69	-22.03	-22.12	-20.01	-18.85
Book Value Per Share	15.14	14.83	14.69	13.76	13.54	14.37
Tangible Book Value	1,991	2,039	2,034	1,893	1,860	1,983
Tangible Book Value Per Share	13.37	13.66	13.62	12.70	12.48	13.30
Land	-	7.14	7.14	7.14	7.14	7.14
Buildings	-	76.03	75.84	75.85	75.85	78.14

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