SCOR : Net income and dividend in line, solvency margin better than expected
>Net income in line with consensus in Q4 - Scor yesterday reported its 2023 results, with insurance revenues slightly short of expectations in Q4 (+0.7% on comparable data in P&C and +5.4% in life reinsurance). Net income came to € 162m in Q4, in line with the consensus (€ 163m) and below our forecast (€ 182m), with the operating result well ahead of expectations in P&C, offset by lower-than-expected operating income in life reinsurance (impacted by adjustments relat...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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