Coface reports €28.5m net income for the third quarter and launches a share buyback programme for €15m
Turnover for the Asia-Pacific region was up by +1.5% at current FX and by +1.3% at constant FX.
- Turnover for the Asia-Pacific region was up by +1.5% at current FX and by +1.3% at constant FX.
- In Latin America, turnover fell by -17.5% at current FX, but rose by +2.0% at constant FX.
- The combined ratio, net of reinsurance, for Q3-2020 was at 77.4%, an improvement of 0.7ppt compared to the third quarter of 2019.
- Net financial income for the nine months was 23.5m, of which 0.6m of net realised capital gains and a negative FX effect of -2.0m.