Coface: FY 2019 net income hits E146.7m

(CercleFinance.com) - Coface has reported 2019 consolidated revenues of 1,481.
1 million euros, up 5.9% compared to 2018 at constant exchange rates and consolidation scope.

Revenues were up 7.0% as reported (at current exchange rates and consolidation scope).

The combined net reinsurance ratio was 77.7% over the year (a 1.9-point improvement over one year).

Net income (group share) reached 146.7 million euros, including 29.4 million euros in Q4 2019.

The market is clearly impressed, with the share up over 7% in early trading on Thursday.



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