Coface: net income up 17.5%

(CercleFinance.com) - Coface recorded consolidated revenues of 430.
8 million euros in Q12022, up 12.8% LFL and y-o-y.

On a reported basis (at current scope and exchange rates), sales rose by 14.0%.

Insurance revenues rose by 14.7% LFL (and by 15.8% at current exchange rates).

The combined ratio, net of reinsurance, stood at 67.3% in Q12022 (up 14.5% from Q1 2021).

Operating income came to 96.1 million euros, up +20.7% y-o-y. Net income, group share reached 66.2 million euros, up 17.5%.


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