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FY-2019 RESULTS: RECORD NET INCOME UP 20% AT €146.7M AND PROPOSED DIVIDEND PER SHARE OF €1.0

02/05/2020

We have completed our Fit to Win plan with record results, despite a riskier economic environment. Our net income is up by 20%, to €147m. The tangible return on equity comes in at 9.1%, excluding non-recurring items. Record retention and a pick-up in new business boosted growth to 5.9%. Finally, in terms of capital, the French regulator authorised our usage of our internal model to calculate the solvency requirement. Our solvency ratio stands at 190%, up 21 points, which allows us to propose a payment of a dividend of €1.0 per share to the Shareholders Annual General Assembly.

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POLITICAL AND ENVIRONMENTAL RISKS ARE THE MAIN THREATS FACING BUSINESSES IN 2020

02/04/2020

As Coface launches the 2020 edition of its Country & Sector Risks Handbook, Chief Economist Julien Marcilly today presents the main threats for the global economy in 2020 at the Coface Country Risk Conference in Paris. The US-China trade agreement will not be enough to rekindle international trade

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TURKEY PAYMENT SURVEY 2019: BETTER PICTURE IN PAYMENT TERMS BUT COMPANIES ARE STILL CAUTIOUS REGARDING ECONOMIC PROSPECTS

01/23/2020

Following the economic recession during the second half of 2018, the private sector remains mixed in terms of the economic outlook.

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AM BEST AFFIRMS A (EXCELLENT) RATING TO COFACE NORTH AMERICA INSURANCE COMPANY, WITH STABLE OUTLOOK

12/20/2019

Rating agency AM Best, on 17 December 2019, has affirmed Coface North America Insurance Company’s ‘A’ (Excellent) Insurer Financial Strength (IFS) rating, with a stable outlook.

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