SCOR : Q1 2022 loss in line with expectations, strong growth in P&C
>Strong growth in P&C with an improvement in the product mix - On Friday morning, Scor published its Q1 2022 results. Two weeks ago the group had indicated that it expected a net loss in Q1. This loss was -€ 80m, in line with our forecast (-€ 82m) and close to the consensus (-€ 66m). Gross written premiums were € 4,715m (+14.3% on a reported basis, +9.7% at constant forex), beating forecasts (consensus € 4,464m, our forecast € 4,547m). Gross written premiums in P&C w...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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