In Q1 17, GWP reached €3,739m, up 13.9% at current FX (+12.9% at constant FX) compared to the same period in 2016. SGPC written premiums improved by 13.2% at current FX (+12.3% at constant FX) to €1,558m, with a growing combined ratio at 94.5% (+480bp relative to Q1 16). SGL’s premiums stood at €2,181m, up 14.4% yoy at current FX (+12% at constant FX). The technical margin improved to 7.2%. Total investments reached €27,884m and investment income amounted to €15
02 May 2017
Excellent Q1, but normalisation is in sight
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Excellent Q1, but normalisation is in sight
SCOR SE (SCR:PAR) | 0 0 (-0.2%) | Mkt Cap: 6,833m
- Published:
02 May 2017 -
Author:
Bassem Neifer -
Pages:
3
In Q1 17, GWP reached €3,739m, up 13.9% at current FX (+12.9% at constant FX) compared to the same period in 2016. SGPC written premiums improved by 13.2% at current FX (+12.3% at constant FX) to €1,558m, with a growing combined ratio at 94.5% (+480bp relative to Q1 16). SGL’s premiums stood at €2,181m, up 14.4% yoy at current FX (+12% at constant FX). The technical margin improved to 7.2%. Total investments reached €27,884m and investment income amounted to €15