Coface: 9m net income up 9.5%
(CercleFinance.com) - Coface has announced 9m 2024 consolidated sales of E1,376.
6m, down -2.1% LFL and y-o-y. On a reported basis (at current scope and exchange rates), sales were down 2.9%.
Insurance sales (including bonding and single risk) were down -4.0% at constant consolidation scope and exchange rates.
The combined ratio net of reinsurance stood at 64.4%, i.e. a 1.6 ppt improvement y-o-y.
9m 2024 Operating income was E315.1m for 9m 2024, up 15.2%.
Net income (group share) totaled E207.7m, up 9.5% over the first 9 months of 2023.
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6m, down -2.1% LFL and y-o-y. On a reported basis (at current scope and exchange rates), sales were down 2.9%.
Insurance sales (including bonding and single risk) were down -4.0% at constant consolidation scope and exchange rates.
The combined ratio net of reinsurance stood at 64.4%, i.e. a 1.6 ppt improvement y-o-y.
9m 2024 Operating income was E315.1m for 9m 2024, up 15.2%.
Net income (group share) totaled E207.7m, up 9.5% over the first 9 months of 2023.
Copyright (c) 2024 CercleFinance.com. All rights reserved.