Quarterly Report 3M2021
Grupo Catalana Occidente S.A.
Table of contents
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Report 3M2021 Grupo Catalana Occidente
01. Keys of the period 3M2021 ................................................................................................................................. | 3 |
Key financial figures.................................................................................................................................................................... | 4 |
Business diversification ............................................................................................................................................................. | 6 |
Group Performance in 3M2021 ............................................................................................................................................... | 7 |
GCO shares and dividends ......................................................................................................................................................... | 8 |
Market environment.................................................................................................................................................................... | 9 |
Group actions against COVID-19 ......................................................................................................................................... | 10 |
02. Business performance in 3M2021 ................................................................................................................... | 11 |
Traditional business................................................................................................................................................................... | 12 |
Credit insurance business........................................................................................................................................................ | 15 |
Investments and funds under management..................................................................................................................... | 17 |
Capital management.................................................................................................................................................................. | 19 |
Sustainability ............................................................................................................................................................................ | 20 |
03. Annexes................................................................................................................................................................ | 21 |
About Grupo Catalana Occidente .......................................................................................................................................... | 22 |
Additional Information credit insurance........................................................................................................................... | 23 |
Expenses and commissions ................................................................................................................................................... | 25 |
Financial result........................................................................................................................................................................... | 25 |
Non-recurring result................................................................................................................................................................. | 25 |
Balance sheet............................................................................................................................................................................... | 26 |
Corporate structure .................................................................................................................................................................... | 27 |
Board of Directors...................................................................................................................................................................... | 28 |
Calendar and contact ................................................................................................................................................................ | 29 |
Glossary......................................................................................................................................................................................... | 30 |
Legal note...................................................................................................................................................................................... | 34 |
2
Report 3M2021 Grupo Catalana Occidente
01 Keys of the period 3M2021
3
Report 3M2021 Grupo Catalana Occidente
Main figures
The Group managed to increase turnover and profit over the previous year in the first quarter
Growth
- Increase of 1.2% in turnover.
Profitability
- Increase of 22.5% in the attributed result, with Ū110.5 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:
- +3.1% in the traditional business, with Ū57.1 million.
- +40.0% in the credit insurance business, with Ū67.6 million.
- Combined ratio:
- 88.9% in traditional business (non-life).
- 62.3% in the credit insurance business (gross).
- Commitment to shareholders: dividend charged to 2020 paid of Ū105.85 million, an increase of 29.86%.
Solvency
- The estimated Solvency II ratio at the close of 2020 for the Group is 216%.
Attributed result
Consolidated result | Ū110.5 M | Turnover |
+22.5% | ||
Ū122.6 M | Ū1,503.6 M | |
+25.4% | +1.2% | |
Recurring result | Managed funds | |
traditional business | ||
+ | ||
Ū57.1 M | Ū15,125.7 M | |
+3.1% | +2.5% | |
Recurring result | Technical provisions | |
business | ||
Ū67.6 M | Ū11,389.3 M | |
+40.0% | +3.7% |
Ū4,835.9 M
+3.7%
Permanent resources at
market value | 4 |
Report 3M2021 Grupo Catalana Occidente
(figures in Ū million)
Key financial figures | 3M2020 | 3M2021 | % Chg. | |
20-21 | ||||
GROWTH | ||||
Turnover | 1,486.1 | 1,503.6 | 1.2% | |
- Traditional business | 875.6 | 884.5 | 1.0% | |
- Credit insurance business | 610.5 | 619.1 | 1.4% | |
PROFITABILITY | ||||
Consolidated result | 97.7 | 122.6 | 25.4% | |
- Traditional business | 55.4 | 57.1 | 3.1% | |
- Credit insurance business | 48.3 | 67.6 | 40.0% | |
- Non-recurring | -6.0 | -2.1 | ||
Attributed result | 90.2 | 110.5 | 22.5% | |
Combined traditional business ratio | 89.2% | 88.9% | -0.3 | |
Combined gross ratio credit insurance | 87.4% | 62.3% | -25.1 | |
Dividend per share | ||||
Pay-out | ||||
Share price | 18.4 | 34.0 | 84.6% | |
PER | 5.9 | 14.4 | ||
ROE | ||||
NON-FINANCIAL DATA | ||||
Number of employees | 7,426 | 7,351 | -1.0% | |
Number of offices | 1,601 | 1,576 | -1.6% | |
Number of intermediaries | 17,380 | 17,004 | -2.2% |
12M2020 | 3M2021 | % Chg. | ||
20-21 | ||||
SOLVENCY | ||||
Permanent resources at market value | 4,663.4 | 4,835.9 | 3.7% | |
Technical provisions | 10,982.5 | 11,389.3 | 3.7% | |
Managed funds | 14,758.9 | 15,125.7 | 2.5% |
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
1,591
17,042
5
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Disclaimer
Grupo Catalana de Occidente SA published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2021 15:52:03 UTC.