SCOR : Loss anticipated in Q3, penalised by hurricane Ian
>We now forecast a loss of € 162m in Q3 - Scor is due to publish its Q3 2022 results on 9 November, when the group is also expected to present its new 3-year strategic plan. We have revised down our forecast for net profit for Q3 2022 and we now anticipate a loss of € 162m. This new forecast includes an estimated cost of € 300m for hurricane Ian, assuming market share of 0.5% applied to a total insured cost generated by this hurricane of € 60bn (as a reminder Swiss Re...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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