SCOR : Net income in Q3 could be impacted by natural catastrophes
>The unknown cost of natural catastrophes - Scor is set to report its Q3 2023 results, which will be based on the new IFRS 17 accounting standard, on 10 November. As a reminder, the comparison base for Q3 2022 under IFRS 17 is not yet available and will be announced upon the publication of the group’s results. We forecast net income of € 146m in Q3 2023, below the consensus (€ 183m), and vs an IFRS 4 loss of € 270m in Q3 2022. This gap with the consensus is due mainly...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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