SCOR : Q3 net earnings and the CMD will improve visibility and favour a re-rating
After a sharp decline following the profit warning in life reinsurance, the group must face the series of natural catastrophes that have happened since end-June. We are therefore lowering our net income forecasts ahead of the publication of the Q3 results publication (7 November) but still think that Scor should pay a dividend per share this year. The CMD of 12 December should also contribute to the gradual re-rating expected for the stock (target price € 28) - >The cost o...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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