France · Delayed Price · Currency is EUR COFACE Earnings Call Transcripts
Fiscal Year 2026
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Nine-month net profit reached €155m as Q3 revenue grew 5.4%; combined ratio remained strong at 72.4%. Record new production and services growth offset rising claims risk and continued investment costs.
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Net income reached EUR 108 million with a strong 71.3% combined ratio and 194% solvency, outperforming targets despite a challenging environment. BI and debt collection segments posted double-digit growth, while the company reaffirmed its financial targets and will increase the 2027 dividend.
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Net income fell 13% year-over-year to EUR 54 million amid a challenging economy, but services revenue grew nearly 20% and the combined ratio remained strong at 70%. Continued investment in digital and AI is prioritized as insolvencies and geopolitical risks persist.
Fiscal Year 2025
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Net profit reached €222 million in 2025, with strong solvency and record client retention. Business information and debt collection segments saw robust growth, while the company maintained high investment in technology and sustainability, despite a challenging economic environment.
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Net income for Q3 2025 was €52 million, with year-to-date at €176.3 million, and revenues up 1.8% year-over-year. The combined ratio remains strong at 71.9%, while services and business information segments show robust double-digit growth.
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Net profit reached EUR 124 million in H1 2025, with strong growth in business information and debt collection, but higher loss and cost ratios due to inflation and investments. The solvency ratio remains robust at 195%, and strategic investments in technology and acquisitions are expected to drive future growth.
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Q1 2025 net income was €62.1M, with 2% turnover growth and a stable 68.7% combined ratio. Business information and debt collection grew strongly, while the environment remains highly uncertain due to global trade tensions. ROATE was 12.7%, and investments in technology and risk monitoring continue.
Fiscal Year 2024
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Net income rose nearly 9% to EUR 261 million, with strong investment income and a robust solvency ratio. Business information and debt collection segments posted double-digit growth, while the company maintained high client retention and continued strategic investments.
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Net profit for the first nine months reached EUR 207.7 million, with strong growth in business information and debt collection services. The combined ratio improved to 64.4%, and annualized ROATE hit 14.8%, despite a hardening credit cycle and ongoing economic uncertainties.
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Net income rose 10% to €142.3 million in H1 2024, with strong solvency and improved combined ratio. Revenue declined 3.1% year-over-year, but business information and fee income grew, offsetting lower trade credit insurance premiums. Political and economic uncertainties persist.