Coface reverses in Paris after falling accounts for 2025
Net profit for the year dropped by 15 per cent to EUR 222 million and the proposed coupon also dropped to EUR 1.25 per share from EUR 1.4
(Il Sole 24 Ore Radiocor) A stormy trading session for Coface on the Paris Stock Exchange, as the company's 2025 results fell and its coupon was reduced. The credit insurer's stock suffered the heaviest drop on the Sbf 120 index. Citing the difficulties in the global and industry environment, Coface reported thatnet profit for the year 2025 fell 15% to EUR 222m and current operating profit fell 19% to EUR 338.9m. The loss ratio increased by 5.1 points to 40.3% and the net combined ratio stood at 73.1%, up 7.6 points. Turnover reached EUR 1.85 billion, up 0.1% year-on-year (+1.3% on a like-for-like basis). Insurance revenues amounted to €1.5bn (-0.9%) and services revenues to €349m (+5%). Coface will propose to the Annual General Meeting a dividend of €1.25 per share, representing a pay out of 84%, "in line with its capital management policy". The amount, however, is lower than the €1.40 dividend for 2024. CEO Xavier Durand said that "the company continues to have a strong performance in a more complex environment, characterised by slow global growth, led by AI and emerging markets, continued geopolitical volatility and a historically high level of insolvencies. On top of this, competition in the credit insurance market remains high and weighs on revenues and pricing''.
