Scor Reports In-Line First-Half Results
Scor reported first-half 2017 net income of EUR 292 million, slightly below our expectations. However, accounting for the EUR 116 million Ogden charge incurred earlier in the year, the results are in line with our expectations. Solvency II remains ahead of the business’s targeted range at 226%. We maintain our EUR 34 fair value estimate and narrow economic moat rating.Scor Global Life's technical margin remains stable at 7.1%, and the 12% rise in gross premiums on a constant basis is due to gro...
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