Half year results from Euler Hermes show an unstable risk environment
Global credit Insurance leader Euler Hermes recently released their half-year credit insurance data. The results showed that revenues at €1,301 million will remain stable, at constant exchange rates and constant scope. Net income is down by one per cent and is now at €170 million and there is a solid solvency ratio of 165 per cent.
Chairman of Euler Hermes board of management, Wilfried Verstraete said “The global risk environment remains unstable, and recovery paths will differ from one country to another. Within that context, Euler Hermes stays vigilant for any sign, negative or positive, that requires us to adjust our underwriting stance with the same agility we have proven in the past.”
To read the full report, please visit the Euler Hermes website.