Scor’s net income reached €401m in 9M 19, +17.2% yoy. Gross written premiums increased by 3.2% at constant FX to €12,055m. The operating earnings were stable at €667m. For the P&C business, the combined ratio worsened to 95.7%, reflecting the impact of Hurricane Dorian (€92m) and Typhoon Faxai (€89m). In the Life business, the technical margin was 7.3%. The ROIA improved to 3%. The solvency II ratio was 203%. We keep our positive opinion on the reinsurer and
24 Oct 2019
Positive signs before the key Q4
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Positive signs before the key Q4
SCOR SE (SCR:PAR) | 0 0 (-0.2%) | Mkt Cap: 6,833m
- Published:
24 Oct 2019 -
Author:
Bassem Neifer -
Pages:
3
Scor’s net income reached €401m in 9M 19, +17.2% yoy. Gross written premiums increased by 3.2% at constant FX to €12,055m. The operating earnings were stable at €667m. For the P&C business, the combined ratio worsened to 95.7%, reflecting the impact of Hurricane Dorian (€92m) and Typhoon Faxai (€89m). In the Life business, the technical margin was 7.3%. The ROIA improved to 3%. The solvency II ratio was 203%. We keep our positive opinion on the reinsurer and