SCOR : Q4 net income set to be affected by a high claims level but the earnings outlook remains favourable
>We expect Q4 net income to come in below the consensus - Scor is due to report its 2020 net income on 24 February next. We look for 2020 net income of € 171m (-59%), with net income in Q4 of € 36m (+71%), short of the consensus forecast (€ 55m in Q4). We expect premium income of € 16.4bn in 2020, virtually stable on a reported basis vs 2019, slightly below the consensus. We forecast an operating result of € 390m in 2020 (-45%) and € 82m (+78%) in Q4. The gap versus t...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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