Grupo Catalana Occidente SA

Common Name
Grupo Catalana Occidente
Country
Spain
Sector
Financial Services
Industry
Insurance - Diversified
Employees
8,591
Ticker
GCO
Exchange
BOLSA DE MADRID
Description
Grupo Catalana Occidente S.A. is a diversified insurance and reinsurance company headquartered in Madrid, Spain. Its primary function is to provide a broad array of insurance products catering to both...

Financial Statements of Grupo Catalana Occidente

Below are the financial statements of Grupo Catalana Occidente, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

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All figures in millions of EUR
2024
2023
Insurance service income
4,918.29a
4,768.4a
Income from contracts measured under general method (BBA) and participation (VFA)
2,494.39a
2,487.06a
Amounts related to changes in the liability for remaining coverage
1,856.18a
1,755.98a
Expected benefits and expenses
1,523.05a
1,398.02a
Changes in risk adjustment for non-financial risk
92.33a
115.36a
CSM recognized for services provided
240.8a
242.6a
Release (recovery) of acquisition costs allocated to the period
519.01a
524.15a
Experience adjustment related to current services
119.2a
206.94a
Income from contracts measured under the premium allocation approach (PAA)
2,423.9a
2,281.34a
Insurance service expenses
-3,971.79a
-3,775.63a
Benefits and expenses incurred
-2,975.95a
-2,706.53a
Acquisition expenses
-1,136.11a
-1,102.58a
Change in liability for incurred claims
-140.27a
-33.48a
Result associated with issued insurance contracts
946.5a
992.77a
Reinsurance expenses
-644.08a
-656.76a
Income from reinsurance recoveries
410.06a
370.09a
Result associated with reinsurance contracts held
-234.02a
-286.68a
Insurance service result (A + B)
712.49a
706.09a
Interest income
240.74a
187.74a
Dividend income
80.37a
69.21a
Net gain/(loss) on financial instruments
127.59a
136.34a
Reversal/(loss) on impairment of financial instruments
-2.86a
3.71a
Net foreign exchange gain/(loss)
2.56a
-3.29a
Other financial income/(expenses)
28.68a
14.38a
Income/(expenses) from property, plant and equipment and investment property
17.1a
-9.55a
Share of results of equity-accounted investees
15.75a
13.29a
Net investment result
509.92a
411.84a
Insurance finance income/(expenses) associated with issued insurance contracts
-362.45a
-320.45a
Finance income/(expenses) associated with reinsurance contracts held
14.23a
11.54a
Total insurance finance income or expenses
-348.23a
-308.91a
Net result from insurance and investments (C + D + E)
874.18a
809.02a
Other income
543.13a
491.95a
Other expenses
-494.62a
-462.57a
Profit before tax
922.69a
838.4a
Income tax expense
-225.21a
-197.6a
Profit for the year from continuing operations
697.48a
640.8a
Profit for the year from discontinued operations and/or held for sale, net of taxes
0a
4.31a
Consolidated profit for the year
697.48a
645.11a
Profit attributable to the parent
636.45a
580.6a
Profit attributable to non-controlling interests
61.03a
64.51a
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Verified Sources Behind Grupo Catalana Occidente’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Grupo Catalana Occidente’s data sources below and access millions more through our Disclosure Search.

a. Grupo Catalana Occidente's Annual Report 2024
a. Grupo Catalana Occidente's Annual Report 2024
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