SCOR : A good performance in P&C
>Net income better than expected thanks to low nat cat losses - Yesterday morning Scor reported Q2 2019 net income of € 155m (+61.5%), better than expected (consensus € 141m, our estimate € 143m), thanks to a lower1ethan1eanticipated natural catastrophe charge of 4.1 points (including favourable developments in the costs of the wildfires at end-2018), well below that budgeted (7 points) and expectations. This was partly offset by a high tax rate in the quarter (32.6%) i...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.
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