Coface’s H1 2024 net income climbs 10% YoY

This was equivalent to $156.5m in earnings for the period.

Trade credit insurer, Coface, saw its first half of 2024 (H1 2024) net income climb 10.4% year-on-year (YoY) to $156.53m (€142.3m), thanks to the double-digit growth seen in operating income (+17.5% YoY, to $238.92m (€217.2m)).

Coface also reported a net financial income of $44.88m (€40.8m) for H1 2024.

This figure includes realised capital gains of $11.11m (€10.1m), which more than offset negative market value adjustments on investments of $4.62m (€4.2m) and an adverse foreign exchange impact of $7.7m (€7.0m), largely due to the strengthening euro.

Coface has adjusted its global growth forecast slightly upwards to 2.5% YoY for 2024, with an expectation of 2.7% YoY growth in 2025.

Whilst growth in China and the United States remains moderate, it is offset by stronger performances in some emerging markets. However, these growth rates are still below the levels observed over the past decade.

($1.00 = €0.91)

Follow the links for more news on

Financial Statements

insurance

Also Read

Philippine life insurance sector slated for 5.4% CAGR by 2028

Property insurance industry to exceed $152b by 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit