SCOR : Net income affected by non-recurring items
>Strong premium growth in P&C - Scor released its Q3 2019 net income yesterday morning. Gross written premiums came to € 4,045m, up 6.5% reported and 4.3% at constant forex, higher than expected, thanks to strong P&C growth (+13.5% at constant forex over the quarter). The group should post FY 2019 organic growth in P&C that is close to the level booked over the first nine months (+11.5%), higher than the group's previous target (at the upper end of the range of +5-8%)...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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