Coface closes another strong year with 2025 net income at €222.0m, solvency at 197% and an 84% distribution for a proposed dividend of €1.25 per share

Core Insights - Coface reported a net income of €222.0 million for 2025, with a solvency ratio of 197% and a proposed dividend of €1.25 per share, reflecting an 84% payout ratio [1][7][29]. Financial Performance - The consolidated turnover for 2025 was €1,847.3 million, representing a 1.3% increase at constant foreign exchange rates compared to 2024 [10]. - Insurance revenue decreased by 0.9% to €1,498.7 million, while services revenue increased by 5.0% to €348.6 million [6][11]. - The net combined ratio rose to 73.1%, up 7.6 percentage points from the previous year, indicating increased claims and costs [6][22]. - The net loss ratio increased to 40.3%, up 5.1 percentage points year-on-year, reflecting a normalization of claims [22][23]. Regional Performance - Turnover in Northern Europe increased by 0.7%, while Western Europe saw a decline of 2.8% [15][17]. - Central and Eastern Europe experienced a decrease of 3.5%, attributed to a non-recurring effect and contract transfers [18]. - The Mediterranean and Africa region grew by 3.7%, driven by high client retention [19]. - North America reported a decline of 5.1%, while Latin America saw an increase of 11.7% [20]. Strategic Developments - Coface continued to implement value-creating projects, including acquisitions of Cedar Rose and Novertur, enhancing its expertise and data quality [5][33]. - The company maintained a disciplined underwriting policy, which contributed to its strong financial results despite a challenging economic environment [3][34]. Shareholder Returns - The proposed dividend of €1.25 per share aligns with the company's capital management policy and reflects a commitment to returning value to shareholders [29][28].