Scor: normalised ROE exceeds plan's target
(CercleFinance.com) - The reinsurer Scor has reported 9m 2018 normalised net income of 405 million euros, with a standardised ROE of 8.
9%, higher than the profitability target set in its "Vision in Action" plan.
“Excluding the impact of the U.S. tax reform, the Group has exceeded the targets set out in the plan “Vision in Action”, despite the numerous natural catastrophes that took place across various regions in the third quarter,” said Chairman and CEO Denis Kessler.
Gross written premiums total 11,336 million euros, up 7.4% at constant exchange rates, driven by the expansion and the deepening of the business assets of the two life and P&C divisions, which grew by 9.2% and 5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
9%, higher than the profitability target set in its "Vision in Action" plan.
“Excluding the impact of the U.S. tax reform, the Group has exceeded the targets set out in the plan “Vision in Action”, despite the numerous natural catastrophes that took place across various regions in the third quarter,” said Chairman and CEO Denis Kessler.
Gross written premiums total 11,336 million euros, up 7.4% at constant exchange rates, driven by the expansion and the deepening of the business assets of the two life and P&C divisions, which grew by 9.2% and 5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.