SCOR : Upward revision to 2021 mortality impact, but medium-term outlook still positive
>2020 results better than expected, driven by realised capital gains - Scor reported its 2020 results yesterday morning. Premiums came in at € 16.4bn (+0.2% reported and +1.8% l-f-l), close to expectations. Net income amounted to € 234m (-44.5%), beating expectations (our forecast € 171m, consensus € 190m), or € 99m for Q4, thanks to significant realised capital gains (€ 78m) on its bond investments. The return on investment thus came to 2.8% in 2020 (3.8% in Q4), ahe...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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