In 2017, Atradius once again achieved strong results with consistent and positive contributions from across the Group. The cultural fit with customers that work close to our teams using innovative tools is at the heart of our financial strength. The profit for the year was EUR 186.2 million which was supported by a 4.3% increase in total revenue.
Insurance revenue Atradius’ total revenue grew 4.3% to EUR 1,837.2 million in 2017 compared to EUR 1,760.7 million in 2016 (5.1% at constant exchange rates). Insurance revenue reached EUR 1,718.9 million, a 2.0% growth rate (2.7% at constant exchange rates). North America, Asia and Central and Eastern Europe showed encouraging revenue growth, consistent with our ambitions in these regions. The business line for multinationals (Global) and Bonding performed well. Claims The claims ratio before reinsurance came in at an excellent level of 41.7%, practically unchanged from 2016, as a consequence of continued high risk acceptance and successful risk management.
To download the press release click on this link: Atradius 2018-03-16_PR_HQ_AR2017
Atradius is a global provider of credit insurance, surety and collection services, with a strategic presence in over 50 countries. The credit insurance, bond and collection products offered by Atradius protect companies around the world against the default risks associated with selling goods and services on credit. Atradius is a member of Grupo Catalana Occidente (GCO.MC), one of the largest insurers in Spain and one of the largest credit insurers in the world. You can find more information online at http://www.atradius.com