Report
Benoit Valleaux

SCOR : Le RN du T4 devrait être impacté par une sinistralité élevée mais les perspectives de résultat restent favorables

>Nous prévoyons un RN au T4 inférieur au consensus - Scor publiera son RN 2020 le 24 février prochain. Nous prévoyons un RN 2020 de 171 M€ (-59%), et sur le seul T4 de 36 M€ (+71%) inférieur au consensus (55 M€ au T4). Nous attendons des primes de 16.4 Md€ en 2020, quasi-stables en publié par rapport à 2019, légèrement inférieures au consensus. Nous prévoyons un RO de 390 M€ en 2020 (-45%) et de 82 M€ (+78%) au T4. L’écart par rapport au consensus au T4 résulte notam...
Underlying
Scor SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

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