SCOR : Q3 net income will be marked by natural catastrophes
>Strong loss expected in Q3 - Scor is due to publish its Q3 2021 results on 27 October. We expect premiums of € 4.2bn (+3.5%), in line with the consensus, with growth in both P&C and life reinsurance. We forecast a net loss of € 153m in Q3 2021, in line with the consensus, which forecasts a loss of € 151m (but estimates are wide ranging, from -€ 74m to -€ 257m), strongly affected by natural catastrophes and, to a lesser extent, Covid costs in life reinsurance. We ther...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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