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Coface SA: Publication of Group and Standalone SFCR as of 31 December 2024
GlobeNewswire·2025-05-07 15:45

Core Points - COFACE SA has published its Solvency and Financial Condition Report (SFCR) for the financial year 2024, in compliance with Solvency II requirements [1][7] - The report was approved by the Board of Directors and is produced annually [1] - The Group's eligible own funds to cover the Solvency Capital Requirement (SCR) amounted to €2,630 million, with a coverage ratio of 196%, exceeding the target range of 155% - 175% [7] - The Compagnie's SCR coverage ratio was reported at 237% [7] - The Group plans to distribute 80% of its net profit for 2024, proposing a dividend of €1.40 per share, subject to shareholder approval [7][11] Financial Information - COFACE SA registered a turnover of €1.84 billion in 2024 and employed approximately 5,236 people [9] - The financial calendar for 2025 includes the Annual General Shareholders' Meeting on 14 May 2025 and the H1-2025 results on 31 July 2025 [4] Regulatory Compliance - The SFCR is part of the regulatory framework established by the Solvency II Directive, which includes requirements for narrative reports for regulators and the public [11]