Thanks to a good Q4 17 (up 58.2% in net income to €261m), Scor posted a higher than expected bottom line at €286m. Sales reached €14,789m (up 7% yoy), in line with our estimates. The generated operating cash flow stood at €1,144m with a strong capital position of 213%. The proposed dividend amounts to €1.65/share and the reinsurer will pursue its share buy-back programme. Scor announced that the non-recurring cost of the US tax reform could reach $350m in 2018.
22 Feb 2018
Stable dividend despite earnings drop
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Stable dividend despite earnings drop
SCOR SE (SCR:PAR) | 0 0 (-0.2%) | Mkt Cap: 6,833m
- Published:
22 Feb 2018 -
Author:
Bassem Neifer -
Pages:
3
Thanks to a good Q4 17 (up 58.2% in net income to €261m), Scor posted a higher than expected bottom line at €286m. Sales reached €14,789m (up 7% yoy), in line with our estimates. The generated operating cash flow stood at €1,144m with a strong capital position of 213%. The proposed dividend amounts to €1.65/share and the reinsurer will pursue its share buy-back programme. Scor announced that the non-recurring cost of the US tax reform could reach $350m in 2018.