SCOR : Q2 2021 net income still penalised by several temporary factors
>We forecast Q2 net income below the consensus - Scor is set to publish on Thursday 28 July its net income for Q2 2021. We forecast premiums of € 4.13bn (+2.2%), a shade above the consensus of € 4.03bn, with reported premiums up for P&C (+8% est.) and slightly down in life reinsurance (-2% est.), penalised by a negative forex impact. We expect net income of € 86m in Q2 2021 (vs a loss of € 136m in Q2 2020), a sequential improvement (€ 45m in Q1 2021) but at a level th...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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