COFACE SA 179 0 Kommentare Publication of SFCR Group and Standalone as of 31st December 2020

Paris, 28 April 2021 – 17.45

COFACE SA: Publication of SFCR Group and Standalone as of 31^st December 2020

COFACE SA has published today its Solvency and Financial Condition Report (SFCR) for COFACE SA (Group) and Compagnie française d’assurance pour le commerce extérieur (the « Compagnie »), in compliance with the Solvency II requirements¹.

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The Board of Directors of COFACE SA and the Compagnie, respectively approved the SFCR for the financial year 2020. This report is produced on an annual basis:

for Coface Group, involving COFACE SA and its main subsidiaries in France and outside France;
for the Compagnie, on a standalone basis.

HIGHLIGHTS

To assess its solvency, COFACE SA uses the partial internal model approved by the ACPR in 2019. The Compagnie’s solvency is still assessed using the interpretation of the standard formula.
As of 31^st December 2020, eligible own funds to cover the Group’s SCR amounted to €2,204 million, which broke down as follows:
- 80% of Tier 1 capital;
- 19% of Tier 2 capital, corresponding to the subordinated debt eligible thanks to transitional measures;
- 1% of Tier 3 capital, representing deferred tax assets.

The Group’s SCR coverage ratio of 205%² at the end of 2020 reflects a solvency ratio above its target range (155% -175%). This level supports the Group’s decision to distribute 100% of its net profit for 2020 by a €0.55³ dividend per share.
The coverage ratio of the Compagnie SCR (Solo) at the end of 2020 is 285%⁴.

CONTACTS

MEDIA RELATIONS Saphia GAOUAOUI T. +33 (0)1 49 02 14 91 saphia.gaouaoui@coface.com Amélie RIVENET T. +33 (0)7 64 44 65 83 amélie.rivenet@coface.com	ANALYSTS / INVESTORS Thomas JACQUET T. +33 (0)1 49 02 12 58 thomas.jacquet@coface.com Benoit CHASTEL T. +33 (0)1 49 02 22 28 benoit.chastel@coface.com

FINANCIAL CALENDAR 2020/2021 (subject to change)
Annual General Shareholders’ Meeting 2020: 12 May 2021
H1-2021 results: 28 July 2021 (after market close)
9M-2021 results: 28 October 2021 (after market close)

FINANCIAL INFORMATION
This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website:
http://www.coface.com/Investors

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