SCOR : Strong growth in P&C in Q4
>Faster organic growth in P&C - Scor reported its 2021 earnings last Thursday. Q4 2021 revenues came in at € 4.553bn (+11.5% reported and +8.7% at constant forex), ahead of expectations (consensus € 4.291bn, our forecast € 4.379bn), thanks to stronger-than-expected premiums in P&C. P&C premiums grew by 20.5% in Q4 at constant forex, a faster pace compared to 9M 21 (+16.7%). Scor expects constant-currency P&C premium growth of between 15% and 18% this year. But premiu...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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