SCOR : Our forecasts for EPS raised by 6% and 3% for 2023 and 2024 due to the move to IFRS 17
>According to the median business assumptions, 2023 net earnings would be € 634m... - On Wednesday of last week Scor presented the latest impact expected from the move to IFRS 17 (vs IFRS 4 previously) and the transposition of its financial targets for 2023 according to the new accounting norms that have been applied since 1 January 2023. As a reminder, the group notably assumes: 1/ insurance revenue growth of 0-2% in P&C and of 2/4% in life reinsurance, 2/ a net comb...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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