Core Points - Coface has released its half-year financial report for 2025, which is now available on its website and filed with the French financial market authority [2][3] - The report can be requested free of charge by contacting the company directly [2] - Coface is a leading player in trade credit risk management, serving around 100,000 clients across approximately 200 markets [7] - In 2024, Coface employed over 5,200 people and recorded a turnover of approximately €1.845 billion [8] Financial Information - The financial calendar indicates that the 9M-2025 results will be announced on November 3, 2025, after market close [4] - Regulated documents and integral regulatory information can be accessed on the Coface website [5] - The authenticity of the regulated documents is secured through blockchain technology [6]

Core Insights - Coface has received "in principle approval" from Lloyd's to establish a new short-term trade credit syndicate, managed by Apollo Syndicate Management, expected to commence underwriting in 2025 [1][2] - The new syndicate, named Coface Lloyd's Syndicate 2546, aims to provide AA-rated solutions to better serve specific market segments and is seen as a valuable addition to Coface's offerings [2][3] - Coface's CEO, Xavier Durand, emphasized that the creation of this syndicate aligns with the company's strategic plan to enhance credit insurance support and develop a global ecosystem for credit risk management [3] Company Developments - The establishment of the syndicate reflects Coface's commitment to expanding its range of solutions and capitalizing on the growth potential for credit insurance at Lloyd's [2][3] - David Ibeson, CEO of Apollo, expressed enthusiasm about the partnership, highlighting the combination of Coface's expertise in trade credit and Apollo's innovative syndicate-building capabilities [4] Market Context - The new syndicate is positioned to tap into significant profitable growth potential for credit insurance solutions within the Lloyd's market, indicating a strategic move to enhance market presence [2][3] - Coface's long-standing experience in trade credit risk management, serving around 100,000 clients across 200 markets, positions it well to leverage this new opportunity [14]

Core Viewpoint - AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of 'a+' (Excellent) for Coface and its main operating subsidiaries, indicating a stable outlook for these ratings [2][3]. Group Performance - The ratings reflect Coface group's very strong balance sheet strength, strong operating performance, favorable business profile, and appropriate enterprise risk management [3]. - Coface's consolidated risk-adjusted capitalization is assessed at the strongest level according to the Best's Capital Adequacy Ratio (BCAR) score [3]. Market Position - Coface holds a leading position in the global credit insurance market, characterized by high barriers to entry, which supports its strong ratings [5]. Future Outlook - AM Best acknowledges that the group's prospective performance may experience volatility due to an uncertain global operating environment, but expects cross-cycle performance metrics to remain supportive of the strong assessment [4].

Core Points - The Combined Shareholders' General Meeting of COFACE SA was held on 14 May 2025, where all proposed resolutions were approved [1][2] - A dividend of €1.40 per share for the 2024 financial year was approved, with the coupon date set for 20 May 2025 and the payment date for 22 May 2025 [2] Company Overview - COFACE SA is a global leader in trade credit risk management, providing services to approximately 100,000 clients across around 200 markets [6] - In 2024, COFACE employed approximately 5,236 people and reported a turnover of €1.84 billion [7] Financial Calendar - The financial calendar for COFACE SA includes the H1-2025 results scheduled for 31 July 2025 and the 9M-2025 results on 3 November 2025 [3]