COFACE SA (LON:0QVK)

COFACE Balance Sheet

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
Investments in Debt Securities	2,558	2,248	2,786	2,519	2,369
Investments in Equity & Preferred Securities	157.91	121.98	117.89	597.88	529.45
Total Investments	3,242	3,199	2,905	3,117	2,899
Cash & Equivalents	507.83	495.56	553.79	362.44	400.97
Reinsurance Recoverable	393.64	384.81	356.22	636.88	777.61
Other Receivables	3,546	3,355	3,337	3,479	3,040
Deferred Policy Acquisition Cost	-	-	-	38.9	35.49
Property, Plant & Equipment	88.68	81.82	91.09	102.06	109.1
Goodwill	159.26	157.69	158.44	158.06	156.31
Other Intangible Assets	0.22	0.28	0.4	0.25	0.41
Other Current Assets	11.19	49.4	10.33	10.46	7.24
Long-Term Deferred Tax Assets	54.51	89.9	90.69	58.35	49.25
Long-Term Deferred Charges	80.96	81.74	80	71.65	74.14
Other Long-Term Assets	-0	3.67	3.53	3.75	3.67
Total Assets	8,084	7,898	7,586	8,039	7,553
Accrued Expenses	99.73	107.14	101.72	107.24	57.74
Insurance & Annuity Liabilities	1,501	72.94	100.28	277.58	260.73
Unpaid Claims	-	1,395	1,332	1,351	1,373
Unearned Premiums	-	-	-	287.5	255.38
Reinsurance Payable	-	-	-	229.47	329.3
Current Portion of Long-Term Debt	5.86	239.7	11.52	11.34	11.19
Short-Term Debt	3,125	2,893	2,927	2,699	2,318
Current Income Taxes Payable	70.84	51.92	61.68	80.71	70.62
Long-Term Debt	592.84	592.05	522.76	379.22	378.63
Long-Term Leases	70.53	67.62	74.62	81.93	88.12
Long-Term Deferred Tax Liabilities	118.25	143.89	125.44	120.33	110.51
Other Current Liabilities	4.11	0.03	0.22	3.48	0.03
Other Long-Term Liabilities	235.59	220.08	248.99	200.22	229.46
Total Liabilities	5,888	5,845	5,565	5,898	5,554
Common Stock	300.36	300.36	300.36	300.36	304.06
Additional Paid-In Capital	723.52	723.5	723.5	810.42	810.42
Retained Earnings	1,228	1,163	1,095	884.34	754.84
Treasury Stock	-	-23.61	-19.15	-15.72	-15.82
Comprehensive Income & Other	-57.87	-112.83	-80.97	161.64	144.81
Total Common Equity	2,194	2,051	2,019	2,141	1,998
Minority Interest	2.22	2.17	2.27	0.31	0.27
Shareholders' Equity	2,196	2,053	2,021	2,141	1,999
Total Liabilities & Equity	8,084	7,898	7,586	8,039	7,553
Filing Date Shares Outstanding	149.31	149.01	149.06	149.03	148.96
Total Common Shares Outstanding	149.31	149.01	149.06	149.03	149.69
Total Debt	3,794	3,792	3,536	3,171	2,796
Net Cash (Debt)	-3,286	-3,297	-2,983	-2,809	-2,395
Net Cash Per Share	-22.03	-22.12	-20.01	-18.85	-15.93
Book Value Per Share	14.69	13.76	13.54	14.37	13.35
Tangible Book Value	2,034	1,893	1,860	1,983	1,842
Tangible Book Value Per Share	13.62	12.70	12.48	13.30	12.30
Land	-	7.14	7.14	7.14	7.14
Buildings	82.98	75.85	75.85	78.14	78.14

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