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COFACE (COFA) investor relations material
COFACE AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
The meeting was opened by the Chairman of the Board, with quorum confirmed and all required documents made available to shareholders, including financial statements, reports, and proposed resolutions.
The agenda included approval of 2025 accounts, allocation of results, dividend payment, board renewals, remuneration policies, and capital operations.
Financial performance review
Net income for 2025 was €222.0M, with Q4 contributing €45.8M; revenue reached €1,847M, up 1.3% at constant scope and exchange rates.
Insurance revenues rose 0.6%, client retention remained high at 92.9%, and information services grew 16.2%.
Net combined ratio increased to 73.1%, with a higher loss ratio reflecting a tougher credit insurance cycle.
Solvency ratio stood at 197%, well above the target range, supporting a high payout.
Q1 2026 net income was €53.6M, down 13.7% year-on-year, with stable revenue and continued investment in information services.
Dividend announcements
A dividend of €1.25 per share was proposed for 2025, representing an 84% payout ratio, with payment scheduled for May 28, 2026.
- Net income fell 13.7% to €53.6m as services revenue surged and cost ratios increased.COFA
Q1 202618 May 2026 - Net income €222m, combined ratio 73.1%, solvency 197%, €1.25 dividend proposed.COFA
Q4 202519 Feb 2026 - Net income up 10.4% to €142.3m, with strong solvency and double-digit services growth.COFA
Q2 20242 Feb 2026 - Net income up 9.5% to EUR 207.7m, driven by services growth and improved combined ratio.COFA
Q3 202416 Jan 2026 - Net income up 8.6% to €261.1m, robust solvency, and a proposed €1.40 dividend.COFA
Q4 20246 Jan 2026 - Net income fell 9.2% to €62.1m as revenue rose 2% amid global trade uncertainty.COFA
Q1 202524 Dec 2025 - Net income fell 12.7% as revenue rose and solvency stayed strong amid global uncertainty.COFA
Q2 202516 Nov 2025 - Net income was €176.3m, revenue up 1.8%, and services grew strongly amid higher loss ratios.COFA
Q3 20255 Nov 2025 - Record net income, robust solvency, and strategic ESG focus marked the 2025 AGM.COFA
AGM 20256 Jun 2025
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