Coface SA: COFACE SA: FY-2020 results: Net income at €82.9m and 100% pay-out ratio
Coface SA: COFACE SA: FY-2020 results: Net income at €82.9m and 100% pay-out ratio FY-2020 results: Net income at €82.9m and 100% pay-out ratio • - Trade Credit Insurance decreasing by -0.8% at constant scope and FX - Client retention reaches new record levels. New business increasing to €138m - Improving pricing conditions confirmed and lower client activity continues Net loss ratio at 47.7%, up by 2.7 ppts. Annual net combined ratio at 79.8% (84.5% excluding the effect of government schemes) Q4-2020 net loss ratio at 18.3% (33.1% excl...
Source: finanznachrichten.de