SCOR : Solvency margin much higher than expected
>Very good underlying profitability in P&C - Scor reported its Q3 2024 results yesterday. The group’s insurance revenues fell 6.8% l-f-l to € 3,944m, missing expectations, with declines of 2.5% in P&C (non-renewal of a multiyear contract, voluntary reduction at SBS) and 10.3% in life insurance. In P&C, the combined ratio was 88.3% (in line with the consensus and vs our estimate of 88.9%), with a nat cat cost of 13.2 points (vs 10 points budgeted) vs the consensus for...SCOR is a holding company. Through its subsidiaries, Co. is engaged mainly in reinsurance. Its customers are insurers and large corporations. Co. is engaged in life reinsurance through SCOR Global Life SE and non-life reinsurance through SCOR Global P&C SE. In the life reinsurance business, Co. offers reinsurance for individual and group life insurance, long-term care, substandard risks, critical illness and financing products. The non-life reinsurance business comprises traditional reinsurance business; Treaty, Business Solutions, and Specialty Lines. In addition, Co. through SCOR Global Investments SE, manages, directly or indirectly its global investment portfolio.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.