SCOR : Solid Q1 results expected despite cautious provisioning
>Strong premium growth and net income expected at € 192m - Scor is due to publish its Q1 2024 results on 17 May. We forecast gross written premiums of € 5.1bn, up 6.7%, with strong growth in P&C (+11% l-f-l), following on the from the solid renewals in January, and much more moderate growth in life reinsurance (+2% l-f-l). Given the decline in written P&C premiums last year, we should see growth of a little over 2% in insurance revenues (+3.5%e in P&C, +1.2%e in life...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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