Insurance
Home›Insurance›Industry & Deals›Coface posts higher H1 2026 revenue amid weaker pricing
Coface posts higher H1 2026 revenue amid weaker pricing
H1 2026 revenue rose slightly to €939 million, while net income fell 13.2% year over year and the combined ratio after reinsurance improved to 71.3%.
Credit insurer Coface reported first-half 2026 results showing revenue of €939 million and net income of €107.8 million, alongside a combined ratio after reinsurance of 71.3%, which the company said was an improvement of 1.6 percentage points versus H1 2025, according to Reinsurance News.
In the second quarter, revenue increased to €474.2 million but net income declined to €54.2 million. Coface said its combined ratio stood at 72.4% in Q2 2026, improving 1.6 percentage points year on year.
Coface attributed the revenue performance partly to credit insurance of €754 million, supported by a near-record retention rate of 93.6%. It also noted that client activity increased 1.5% in H1 2026 amid geopolitical uncertainties, including weakened global trade linked to the closure of the Strait of Hormuz.
The company said pricing was negative at -1.3% in H1 2026, though that was slightly more favorable than its historical average. Coface’s CEO Xavier Durand cited weak economic growth subject to shocks and record-level bankruptcies, adding that the insurer is focused on its Power the Core strategic plan and said it has met or exceeded key financial targets more than halfway through the plan.