SCOR : Net profit affected by high natural catastrophe costs
>Significant premium growth in P&C - Scor is due to report its 2019 net profit on Thursday 27 February before the market open. We expect gross premium income of € 16.2bn, up 6.5%e over the full year and fully in line with the consensus (i.e. growth of 6.9% in Q4 2019). Growth should be driven by a strong rise in P&C reinsurance premiums, which had reached € 7.1bn (+15.2% as announced at the publication of the 1 January renewals) with nearly stable life reinsurance pre...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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