SCOR : Good net income expected in Q2 thanks to low natural catastrophe costs
>Forecast net income of € 204m in Q2 2023 - Scor is due to report its Q2 2023 earnings on 27 July. This will be the second set of quarterly figures (after those of Q1 2023) to be reported under the new IFRS 17 standards, bearing in mind that the Q2 2022 comparison base is not available. We anticipate a net income of € 204m in Q2 2023, slightly ahead of the consensus (€ 194m), and above the normalised quarterly result expected this year (€ 159m based on the targets for...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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