Scor: 18.6% increase in Q1 net income

(CercleFinance.com) - Scor has reports Q1 2018 net income of 166 million euros, up 18.
6%.

The annualised return on equity (ROE) therefore reaches 11.2%, or 1.049 basis points above the risk-free rate.

Gross premiums issued by the reinsurer amounted to 3,771 million euros, up 10.2% at constant exchange rates (+0.9% at current exchange rates), growth fueled by both the life division (+14.7%) and the P&C division (+3.9%).

In terms of technical profitability, Scor highlights an excellent net combined ratio of 91.8% recorded by the P&C division, a technical life margin - affected by portfolio effects and exchange rates - of 6.8%, and a return on assets of 2.3%.


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