Scor: 2018 net income up 12.6%
(CercleFinance.com) - Scor has reported 2018 net income that is up 12.
6% at 322 million euros, despite the charge related to natural disasters in the third and fourth quarters. The group is proposing a higher dividend of 1.75 euro per share, i.e. a distribution rate of 100%.
The annualised return on equity reaches 5.5%, or 472 basis points above the risk-free rate. The reinsurer has reported profitable growth at its life and P&C divisions in all regions of the world, while enjoying a high level of solvency.
Gross written premiums therefore reached 15,258 million euros in 2018, up 7.1% at constant exchange rates (+3.2% as reported), while it has reported balanced growth between the life division (+7.3%) and the P&C division (+6.7%).
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6% at 322 million euros, despite the charge related to natural disasters in the third and fourth quarters. The group is proposing a higher dividend of 1.75 euro per share, i.e. a distribution rate of 100%.
The annualised return on equity reaches 5.5%, or 472 basis points above the risk-free rate. The reinsurer has reported profitable growth at its life and P&C divisions in all regions of the world, while enjoying a high level of solvency.
Gross written premiums therefore reached 15,258 million euros in 2018, up 7.1% at constant exchange rates (+3.2% as reported), while it has reported balanced growth between the life division (+7.3%) and the P&C division (+6.7%).
Copyright (c) 2019 CercleFinance.com. All rights reserved.