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%.
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.
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.
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.
Source: Atradius Earnings Release