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.