Atradius Announces Strong Revenue and Profit Growth in 2015
Atradius Announces Strong Revenue and Profit Growth in 2015
PR63706
AMSTERDAM, Mar. 8 /PRNewswire=KYODO JBN/ --
Highlights
- Total revenues rose 5.6% to EUR 1,717.8 million; strong growth worldwide
- Service & other revenue rose 6.9% to EUR 180.8 million; service result
up 93.4%
- Net insurance result improved 8.0% in 2015 to EUR 217.7 million
- Net profit grew 10.6% to EUR 178.2 million
- Gross combined ratio stands at 80.6%*
- Shareholders' equity rose 7.7% to EUR 1,500 million
Insurance revenues
Total revenues rose 5.6% to EUR 1,717.8 million. Earned premium again
improved at a good pace growing 5.4% to EUR 1,537.0 million. Atradius achieved
solid growth in all regions, except the Nordic region, which was impacted by
energy prices and reduced demand for exports. Overall, insurance revenues in
Europe grew 3.4%. Insurance revenues in Atradius' two largest markets, Spain
and Germany, grew 2.5% and 3.2% respectively. Excluding these two markets,
Atradius insurance revenues grew 6.6%.
(Logo: http://photos.prnewswire.com/prnh/20150513/743985 )
Insurance result
The claims ratio ended at a solid 43.5% and the gross insurance result of
EUR 320.6 million in 2015 compared to EUR 357.5 million in 2014. The net
insurance result rose 8.0% to EUR 217.7 million in 2015, up from EUR 201.6
million in 2014.
Non insurance results
The service result, grew 93.4% increasing to EUR 8.0 million in 2015 from
EUR 4.1 million in 2014. Net investment result was lower at EUR 36.0 million
compared to EUR 37.8 million in 2014.
Solvency II
Grupo Catalana Occidente (GCO), as parent company of Atradius, has formally
submitted the partial internal model for credit and surety line of business for
approval to the College of Supervisors. Under both the Solvency II standard
formula and the internal capital model, subject to regulatory approval,
Atradius' regulated entities are well capitalised.
Outlook
Business conditions in 2016 are expected to remain challenging. In emerging
economies economic growth is expected to remain under pressure led by the
slowing Chinese economy and low commodity prices. In Europe, the slow Eurozone
recovery is expected to persist. The solid improvement in the US and the UK
should continue. Atradius plans on continuing to pursue new and innovative ways
of improving its offering from a product and service perspective and optimising
its corporate structure to improve efficiency.
Isidoro Unda, Chief Executive Officer of Atradius summarises, "Our
customers are our priority. We are committed to delivering them high quality
service and supporting their trade by helping protect their receivables against
payment defaults. Every day, we want to make a difference in their businesses.
This means providing valuable information, efficient tools, local tailor-made
support in their international markets and cover that reduces their exposure to
payment failures of their buyers. However we always want to become better and
will continue to try and improve in 2016 and the years to come."
About Atradius
Atradius provides trade credit insurance, surety and collections services
worldwide through a strategic presence in 50 countries. Atradius has access to
credit information on 200 million companies worldwide. Its credit insurance,
bonding and collections products help protect companies throughout the world
from payment risks associated with selling products and services on trade
credit. Atradius forms part of Grupo Catalana Occidente (GCO.MC), one of the
leading insurers in Spain and worldwide in credit insurance.
* The combined ratio is calculated using the general insurance standard;
the sum of claims and expenses divided by insurance revenue
For further information:
Atradius Corporate Communications
Christine Gerryn
Tel.: +31-20-553-2047
E-mail: christine.gerryn@atradius.com
SOURCE: Atradius N.V.
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。