SCOR : Strengthening of provisions for P&C in Q3
>Significant natural catastrophes and variations in provisions in Q3 - Yesterday evening Scor published Q3 2022 results reporting a loss of € 270m, higher than the losses anticipated by the consensus (€ 157m) and our own forecast (€ 162m). Net income was marked by: 1/ significant natural catastrophes that came in well above budgets, 2/ a strengthening of provisions in P&C, 3/ the non-recognition of certain tax assets (€ 94m), 4/ a reserves release in life insurance. R...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.