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HomeLatest NewsCesce continues his winning streak and accumulates 14 years of uninterrupted success

Cesce continues his winning streak and accumulates 14 years of uninterrupted success

Date: April 12, 2024 Time: 16:31:20

The Spanish Export Credit Insurance Company (Cesce) achieved a net profit of 75.1 million euros in 2022, which represents 2.7% more than the previous year. However, this scenario does not surprise the company since it has been exceeding the profits of the previous year for 14 years.

In this way, the Cesce Group closed the results of 2022 with consolidated profits of 71.8 million euros, according to the data that have been presented during the Shareholders’ Meeting that the company itself held yesterday together with the presence of the Minister of Industry , Trade and Tourism, Héctor Gómez.

With regard to the State account activity, Cesce disappeared last year insurance for a value of more than 2,901 million euros, 30% more than the previous year, and supported operations of Spanish companies abroad for a contractual value of 11,500 million euros.

Positive technical result

As regards the self-employed business area, the company has close to 182 million euros in premiums, 5.3% more than the previous year, and the combined direct insurance ratio has stood at 59%. Thus, Cesce’s income statement has shown a positive technical result of 77.6 million euros.

Regarding its internationalization strategy, the company has signed that the focus of the group continues to be Latin America. During 2022, the region’s total production of earned premiums, 75 million euros, was higher than estimated, representing 30% of the own account, which also considers Iberia’s production.

growth strategy

During the General Shareholders’ Meeting, the insured company has also announced the ‘Plan Impulsa Cesce 2025’, with which it seeks to promote the business and fulfill its mission through the combination of three key goals: growth, efficiency and profitability. dad .

In addition, from the Board they have made it appear in the “good reception” that some of their new products have had, such as green policies, which are aimed at new clients belonging to sectors linked to the protection and conservation of the environment.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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