Atradius closes 2024 with a profit of EUR 392.3 million, up 5.4%

We navigated another year of evolving global challenges to deliver a solid performance.

Author

Dirk Hagener

Director

13 Mar 2025

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Atradius N.V. achieved sound results with improvements in its three strategic pillars.

Growth

Increase of 5.4% compared to 2023, reaching EUR 392.3 million results after tax for the year

Profitability

Total revenue: EUR 21.9 million above 2023 (EUR 2.5 billion)
A positive contribution of EUR 101.8 million came from our investment portfolio
Total Potential Exposure (TPE) increased by 6.1%
Customer retention of 94.5%
Combined ratio of 77.0%
Gross claims ratio increased to 41.2% compared to 39.4% in 2023
Operating expense ratio decreased to 35.7% from 35.9% in 2023
Non-insurance service income increased by 5.9%

Solvency

Solid Solvency II ratio has remained above 200%
AM Best and Moody's confirmed the financial strength ratings of the Atradius-rated entities as 'A (Excellent)' and 'A1' respectively, both with a stable outlook

NOTE: For the purposes of measuring performance, the management report will display amounts applying a similar financial reporting basis as those applied by Atradius N.V. in its management report in previous years (internal reporting standard), which will differ from the financial statements of 2024 that have been subject to the adoption of IFRS 17 and 9 as further described in Note 5 of the Consolidated Financial Statements. These differences in presentation are allowed by IFRS 8 Operating Segments, as further explained in Note 2.4 of the Consolidated Financial Statements.

Our strong performance in 2024 is a testament to the resilience, foresight, and passion that defines Atradius. We are well-positioned to face the challenges and seize the opportunities that lie ahead, and we look forward to delivering continued value to our clients, business partners and communities in 2025 and beyond.