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Euler Hermes 2Q17 financial results PDF Print E-mail
Friday, 28 July 2017
“In the second quarter, Euler Hermes again proved its robustness and agility, with a net combined ratio at 78.8%, while paving the way for a return to turnover growth”, said Wilfried Verstraete, chairman of the Euler Hermes board of management. “Revenues still lag behind ambition, but as noted in Q1, we see some encouraging signs on new business and rates. Northern Europe, France, and the multinational segment are posting positive premium development, and Germany is stabilizing premium income. While revenues in non-mature markets are still affected by our previously-revised underwriting risk stance, profitability has been restored. Consequently, our global net loss ratio is at its lowest level since Q3 2015. This strong performance enables us to continue our digital transformation and investment in service innovations that bring us closer to customers. This includes our recently launched EH Sync online broker portal.” 

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