
Last update at 2026-06-19T20:00:00Z
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AM Best affirms ratings of Coface’s main operating subsidiaries
Thu 22 May 25, 04:00 PMUK textiles firms ‘will fail because of India trade deal’
Mon 12 May 25, 02:09 PMCoface SA: Publication of Group and Standalone SFCR as of 31 December 2024
Wed 07 May 25, 03:45 PMCoface SA: Combined Shareholders’ Meeting on Wednesday, May 14, 2025 at 02.00pm
Wed 09 Apr 25, 03:45 PM| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 291.59M | 366.27M | 328.66M | 383.91M | 291.39M |
| Minority interest | -0.63500M | 0.03M | -0.12000M | -0.24400M | -0.05700M |
| Net income | 222.01M | 261.07M | 240.50M | 283.11M | 223.82M |
| Selling general administrative | 550.05M | 520.89M | 492.80M | 314.46M | 270.99M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | - | - | - | - | - |
| Reconciled depreciation | 33.85M | 37.51M | 40.67M | 37.83M | 30.15M |
| Ebit | - | - | - | 452.27M | 300.51M |
| Ebitda | - | - | - | - | - |
| Depreciation and amortization | - | - | - | - | - |
| Non operating income net other | - | - | - | - | - |
| Operating income | - | - | - | - | - |
| Other operating expenses | - | - | - | 319.43M | 470.20M |
| Interest expense | 40.90M | 42.96M | 34.27M | 29.61M | 21.48M |
| Tax provision | 68.95M | 105.23M | 88.03M | 100.56M | 67.51M |
| Interest income | -35.62600M | -46.92500M | -46.92100M | - | - |
| Net interest income | -40.89700M | -42.96100M | -34.26900M | -29.60500M | -21.47700M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | - | - | - | 100.56M | 67.51M |
| Total revenue | 1662.49M | 1648.84M | 1601.54M | 1639.20M | 1282.16M |
| Total operating expenses | 1370.90M | 1282.57M | 1272.88M | 1255.29M | 990.78M |
| Cost of revenue | - | - | - | - | - |
| Total other income expense net | 63.29M | 68.40M | 36.34M | 100.11M | 132.14M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 222.64M | 261.04M | 240.62M | 283.35M | 223.87M |
| Net income applicable to common shares | - | - | - | 283.11M | 223.82M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 8089.97M | 8084.13M | 7898.28M | 8450.61M | 8039.01M |
| Intangible assets | 89.44M | 83.66M | 82.02M | 80.40M | 71.89M |
| Earning assets | - | - | - | - | - |
| Other current assets | - | - | - | 743.80M | 647.33M |
| Total liab | 5874.69M | 5888.36M | 5845.34M | 6488.40M | 5897.66M |
| Total stockholder equity | 2215.28M | 2195.78M | 2052.94M | 1960.46M | 2141.04M |
| Deferred long term liab | - | - | - | 80.00M | 71.65M |
| Other current liab | - | - | - | 379.45M | 371.69M |
| Common stock | - | - | - | 300.36M | 300.36M |
| Capital stock | 300.36M | 300.36M | 300.36M | 300.36M | 300.36M |
| Retained earnings | 222.01M | 1227.55M | 240.50M | 1044.53M | 884.34M |
| Other liab | - | - | - | 500.35M | 446.69M |
| Good will | 173.70M | 156.77M | 157.69M | 158.44M | 158.06M |
| Other assets | - | - | - | 305.48M | 225.71M |
| Cash | 501.46M | 507.83M | 495.56M | 553.79M | 362.44M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | - | - | - | 5390.67M | 4989.82M |
| Current deferred revenue | - | - | - | - | - |
| Net debt | 1773.32M | 1213.92M | 1991.90M | 1113.02M | 2349.85M |
| Short term debt | - | - | - | - | - |
| Short long term debt | - | - | - | - | - |
| Short long term debt total | - | - | - | - | - |
| Other stockholder equity | - | - | - | -88.77300M | 161.64M |
| Property plant equipment | - | - | - | 91.09M | 102.06M |
| Total current assets | - | - | - | 4944.53M | 4397.04M |
| Long term investments | 3309.44M | 3357.20M | 3337.78M | 2914.60M | 3127.46M |
| Net tangible assets | - | - | - | 1801.63M | 1982.74M |
| Short term investments | 2709.41M | 2712.57M | 2367.31M | 2902.41M | 3115.15M |
| Net receivables | 3101.66M | 3157.13M | 2958.30M | 3646.92M | 3387.25M |
| Long term debt | 2274.78M | 1721.75M | 2487.46M | 1666.81M | 2712.29M |
| Inventory | - | - | - | - | - |
| Accounts payable | 1396.87M | 1403.20M | 1237.35M | 1969.27M | 1801.03M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | - | - | - | - | - |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | - | - | - | - | - |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | - | - | - | - | - |
| Capital lease obligations | 68.35M | 70.53M | 67.62M | 74.62M | 81.93M |
| Long term debt total | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 66.80M | 156.50M | -306.91500M | -100.58200M | -198.78900M |
| Change to liabilities | - | - | - | 0.00000M | 0.00000M |
| Total cashflows from investing activities | - | - | - | -124.40100M | -207.94200M |
| Net borrowings | 0.00000M | -226.60000M | 296.04M | 117.26M | -16.76200M |
| Total cash from financing activities | - | - | - | -142.69400M | -134.36000M |
| Change to operating activities | - | - | - | 237.20M | 383.60M |
| Net income | 222.01M | 261.10M | 240.50M | 283.11M | 223.82M |
| Change in cash | -6.37400M | 12.27M | -58.22800M | 191.34M | -38.52800M |
| Begin period cash flow | 507.83M | 495.56M | 553.79M | 362.44M | 400.97M |
| End period cash flow | 501.46M | 507.83M | 495.56M | 553.79M | 362.44M |
| Total cash from operating activities | 247.99M | 353.36M | 294.27M | 449.19M | 326.96M |
| Issuance of capital stock | - | 0.65M | - | - | - |
| Depreciation | 33.85M | 37.51M | 40.67M | 24.03M | 37.60M |
| Other cashflows from investing activities | - | - | - | 0.00100M | 0.00100M |
| Dividends paid | -209.06000M | 194.32M | -226.95300M | 224.03M | 81.98M |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | - | - | - | -282.85500M | -456.77200M |
| Sale purchase of stock | -5.75700M | 0.00000M | -4.46400M | -3.43000M | -14.88600M |
| Other cashflows from financing activities | - | - | - | -32.49200M | -20.73600M |
| Change to netincome | - | - | - | 170.90M | 138.71M |
| Capital expenditures | 35.61M | 26.71M | 25.44M | 32.24M | 17.17M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | -55.02300M | 68.89M | -72.75800M | -45.65700M | -73.17000M |
| Stock based compensation | - | - | - | - | - |
| Other non cash items | 26.89M | -46.82200M | 5.61M | -3.70600M | 45.70M |
| Free cash flow | 212.38M | 326.65M | 268.82M | 416.95M | 309.79M |
Sector: Financial Services Industry: Insurance - Reinsurance
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) |
|---|---|---|---|---|---|---|---|
| COFAF COFACE SA |
- -% | 17.91 | 10.01 | - | 1.36 | 1.01 | 2.56 |
| MURGY Muenchener Rueckver Ges |
0.30 2.83% | 10.89 | 18.65 | 10.86 | 0.82 | 1.89 | 0.80 |
| MURGF Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München |
6.60 1.23% | 543.00 | 18.48 | 10.80 | 0.81 | 1.88 | 0.80 |
| SSREY Swiss Re Ltd |
0.63 1.67% | 38.41 | 19.20 | 9.00 | 0.66 | 2.53 | 0.82 |
| SSREF Swiss Re AG |
- -% | 152.35 | 19.13 | 9.03 | 0.66 | 2.54 | 0.82 |
COFACE SA, through its subsidiaries, provides trade credit insurance products and services for small and medium enterprises, mid-market companies, international corporations, international companies, financial institutions, and clients of distribution partners. It offers insurance products, including TradeLiner; EasyLiner, a range of contracts for small and medium enterprises; GlobaLiner, that offers multinationals services, and management and oversight tools; CofaNet, a central internet portal that enables policyholders to manage their contracts; Coface Dashboard, a tool providing client risk analyses and reports; CofaMove, a mobile app that includes the key features of CofaNet; CofaServe, an API offer; and AlyX, a credit risk management software, as well as Single Risk medium-term insurance for commercial and political risks. The company also provides business information, debt collection, factoring and surety bonds services. In addition, it offers contract surety bonds, customs and excise bonds, environmental surety bonds, legal bonds for temporary employment companies, and payment guarantees. Further, the company provides Urba360, a universal risk business assessment; Full report that provides complete financial data, a score, a maximum recommended credit limit and debtor risk assessment using an 11-point scale; Snapshot report, an instant report that provides a summary of the key aspects needed to assess business partners; Score which determines a company's ability to meet its short-term financial commitments; Credit Opinions which provides a recommended outstanding amount for a company; compliance control tools; Portfolio Insights and Selectio, an interactive portfolio management tools; and Economic Insights. It has operations in Western Europe, Africa, Northern Europe, Central and Eastern Europe, the Mediterranean, North America, Latin America, and the Asia-Pacific. COFACE SA was founded in 1946 and is headquartered in Bois-Colombes, France.
1, Place Costes et Bellonte, Bois-Colombes, France, 92270
| Name | Title | Year Born |
|---|---|---|
| Mr. Xavier Pascal Durand | CEO & Chairman of Management Board | 1964 |
| Ms. Phalla Gervais | Member of Management Board, CFO & Risk Director | 1968 |
| Ms. Carole Lytton | General Secretary & Member of Management Board | 1957 |
| Ms. Carine Pichon | Chief Executive Officer of Western Europe & Africa Region | 1973 |
| Mr. Cyrille Charbonnel | Group Chief Underwriting Director & Member of Management Board | 1965 |
| Mr. Nicolas Garcia | Group Commercial Director & Member of Management Board | 1974 |
| Mr. Thibault Surer | Strategy & Business Development Director and Member of Management Board | 1962 |
| Mr. Keyvan Shamsa | Business Technology Director & Member of Management Board | 1963 |
| Mr. Pierre Bevierre | Chief Human Resources Officer & Member of Management Board | 1968 |
| Mr. Gonzague Noel | Group COO & Member of Management Board | 1976 |
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