Quarterly Report 6M2021
Grupo Catalana Occidente S.A.
Table of contents
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Report 6M2021 Grupo Catalana Occidente
01. Keys of the period 6M2021 ................................................................................................................................ | 3 |
Key financial figures.................................................................................................................................................................... | 4 |
Business diversification ............................................................................................................................................................. | 6 |
Outlook and challenges for 2021 ............................................................................................................................................ | 7 |
Group Performance in 6M2021............................................................................................................................................... | 8 |
GCO shares and dividends ......................................................................................................................................................... | 9 |
Market environment.................................................................................................................................................................. | 10 |
Group actions against COVID-19 ............................................................................................................................................ | 11 |
02. Business performance in 6M2021 ................................................................................................................... | 12 |
Traditional business................................................................................................................................................................... | 13 |
Credit insurance business........................................................................................................................................................ | 16 |
Investments and funds under management..................................................................................................................... | 18 |
Capital management................................................................................................................................................................. | 20 |
Sustainability ............................................................................................................................................................................. | 21 |
03. Annexes............................................................................................................................................................... | 22 |
About Grupo Catalana Occidente .......................................................................................................................................... | 23 |
Additional information for credit insurance.................................................................................................................... | 24 |
Expenses and commissions ................................................................................................................................................... | 26 |
Financial result........................................................................................................................................................................... | 26 |
Non-recurring result................................................................................................................................................................. | 26 |
Balance sheet................................................................................................................................................................................ | 27 |
Corporate structure ................................................................................................................................................................... | 28 |
Board of Directors...................................................................................................................................................................... | 29 |
Calendar and contact ................................................................................................................................................................ | 30 |
Glossary.......................................................................................................................................................................................... | 31 |
Legal note...................................................................................................................................................................................... | 35 |
2
Report 6M2021 Grupo Catalana Occidente
01 Keys of the period 6M2021
3
Report 6M2021 Grupo Catalana Occidente
Key financial figures
In the first half of the year, the Group's turnover and profit increased compared to the previous year
Growth
- Increase of 4.6% in turnover.
Profitability
- Increase of 47.0% in the attributed result, with Ū219.4 million.
- Improvement in recurrent earnings in the traditional business and in the credit insurance business, which continues to be exposed to the performance of COVID-19:
- +1.0% in the traditional business, with Ū130.1 million.
-
+202.2% in the credit insurance business, with
Ū108.2 million.
- Combined ratio:
- 87.9% in traditional business (non-life).
- 60.5% in the credit insurance business (gross).
- Commitment to shareholders: first dividend for the 2021 financial year of Ū20.0 million, an increase of 5% over the first dividend of the previous financial year.
Solvency
- The Solvency II ratio at the close of 2020 for the Group is 216%.
Attributed result
Consolidated result | Ū219.4 M | Turnover |
+47.0% | ||
Ū238.8 M | Ū2,639.5 M | |
+53.5% | +4.6% | |
Recurring result | Managed funds | |
traditional business | ||
+ | ||
Ū130.1 M | Ū15,198.8 M | |
+1.0% | +3.0% | |
Recurring result | Technical provisions | |
credit insurance | ||
Ū108.2 M | Ū11,331.2 M | |
+202.2% | +3.2% |
Ū4,908.1 M
+5.2%
Permanent resources at
market value | 4 |
Report 6M2021 Grupo Catalana Occidente
(figures in Ū million)
Key financial figures | 6M2020 | 6M2021 | % Chg. | |
20-21 | ||||
GROWTH | ||||
Turnover | 2,522.4 | 2,639.5 | 4.6% | |
- Traditional business | 1,499.0 | 1,525.7 | 1.8% | |
- Credit insurance business | 1,023.4 | 1,113.8 | 8.8% | |
PROFITABILITY | ||||
Consolidated result | 155.6 | 238.8 | 53.5% | |
- Traditional business | 128.8 | 130.1 | 1.0% | |
- Credit insurance business | 35.8 | 108.2 | 202.2% | |
- Non-recurring | -9.0 | 0.5 | ||
Attributed result | 149.3 | 219.4 | 47.0% | |
Combined traditional business ratio | 88.4% | 87.9% | -0.5 | |
Combined gross ratio credit insurance | 94.3% | 60.5% | -33.8 | |
Dividend per share | ||||
Pay-out | ||||
Share price | 20.5 | 32.6 | 58.8% | |
PER | 7.48 | 11.8 | ||
ROE | ||||
NON-FINANCIAL DATA | ||||
Number of employees | 7,394 | 7,311 | -1.1% | |
Number of offices | 1,490 | 1,464 | -1.7% | |
Number of intermediaries | 17,076 | 17,052 | -0.1% |
12M2020 | 6M2021 | % Chg. | ||
20-21 | ||||
SOLVENCY | ||||
Permanent resources at market value | 4,663.4 | 4,908.1 | 5.2% | |
Technical provisions | 10,982.5 | 11,331.2 | 3.2% | |
Managed funds | 14,758.9 | 15,198.8 | 3.0% |
12M2020
4,559.5
2,720.4
1,839.1
270.1
238.6
50.4 -18.9 262.3 88.6% 94.1%
0.88
40.4%
29.2
13.34
7.3%
7,384
17,042
5
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Grupo Catalana de Occidente SA published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 12:38:08 UTC.