SCOR : Q1 net income expected to come close to the forecast normalised level
>Net income forecast at € 161m in Q1 2023 - Scor is due to publish its Q1 2023 results on 12 May. This will be the first set of results reported by the group under the new IFRS 17 accounting standard. The comparison base for Q1 2022 in IFRS 17 is not yet available and will be announced upon the publication of the group’s results. We forecast net income of € 161m in Q1 2023, in line with the consensus (and vs an IFRS 4 loss of € 80m in Q1 2022). As stated in our analys...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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