SCOR : Net profit affected by major losses in Q3 2020
>Revenues in line with the group’s targets - Scor is due to publish its Q3 2020 results on Friday 6 November. We forecast a very slight decline in revenues to € 4.0bn (-1.7% penalised by a negative forex impact), slightly below the consensus (€ 4.1bn). Note that the group, which has cleaned up its P&C portfolio, forecasts P&C premiums to be generally stable this year, with strong growth expected for next year (+11% est. at constant forex).A combined ratio...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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