| Press Release |
Euler Hermes key figures for the first quarter of 2012
Paris, 14 May 2012 - Based on preliminary figures, the Euler Hermes Group achieved total revenues of 590 M€ in the first quarter of 2012, up by 8% compared with the first quarter of 2011.
Operating profit exceeded 100 M€, slightly higher than the same period last year, mainly driven by Euler Hermes' net combined ratio below 75%.
Net income for the first quarter of 2012 closed around 66 M€, up by more than 20% compared to the previous quarter.
Euler Hermes maintained its strong capital position: the Group increased both shareholders' equity and its conglomerate solvency ratio from year-end levels.
As announced, Euler Hermes will publish full details on its first quarter financial results on May 16, 2012.
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All financial information is available on Euler Hermes' website
http://www.eulerhermes.com/en/finance/finance.html
CONTACTS
| Euler Hermes Investor Relations | Euler Hermes Media Relations |
| Clarisse Kopff - +33 (0)1 8411 5138 | Bettina Sattler - +33 (0)1 8411 6141 |
| clarisse.kopff @eulerhermes.com | bettina.sattler@eulerhermes.com |
Euler Hermes is the worldwide leader in credit insurance and one of the leaders in the areas of bonding, guarantees and collections. With 6,000+ employees in over 50 countries, Euler Hermes offers a complete range of services for the management of B-to-B trade receivables and posted a consolidated turnover of €2.27 billion in 2011.
Euler Hermes has developed a credit intelligence network that enables it to analyze the financial stability of 40+ million businesses across the globe.
The Group insured worldwide business transactions totaling €702 billion exposure end of December 2011.
Euler Hermes, subsidiary of Allianz, is listed on Euronext Paris. The Group is rated AA- by Standard & Poor's.
