Coface reports a positive start to the year with a turnover of €937m, up +2.3%. Trade Credit Insurance revenue increased by +1.7%, client activity by +1.8%, and client retention hit a near-record level of 94.0%. Annualised return on tangible equity is at 12.6%, with a net loss ratio of 40.1%. Strategic investments and data strategy implementation continue to drive growth.

Despite a net income decrease of 12.7% compared to H1-24, Coface maintains a strong financial position with an estimated solvency ratio of 195%, above the target range of 155% – 175%. The company is focused on strengthening its credit insurance business through acquisitions, new product offerings, and a technology division. CEO Xavier Durand highlights the challenging economic environment but emphasizes revenue growth driven by investments.

Quarterly results show a decline in underwriting income after reinsurance by 21.2%, with a net loss ratio at 40.1% and a cost ratio at 31.2%. Operating income in H1-25 was €186.6m, down 14.3%. Coface remains committed to cost management and strategic investments in line with their Power the Core plan. The company’s strict cost management policy has led to a 7.0% increase in costs in H1-25.

Coface’s financial outlook is influenced by global trade uncertainties, tariffs, and increasing business failures. The company continues to adapt to the changing environment by downgrading ratings in certain sectors and countries. Investments in risk management and services, including information services and debt collection, are crucial in the current economic climate. Coface remains focused on growth, as evidenced by recent acquisitions and the creation of a Lloyd’s syndicate and technology division.

Read more at GlobeNewswire: Coface confirms its good start to the year and