SCOR: 9m earnings up 17.3%
(CercleFinance.com) - SCOR has reported net income of 401 million euros for the first nine months of 2019, up 17.
3%, with an annualised return on equity (ROE) of 8.8%, which is 816 basis points above the risk-free rate.
"SCOR delivers a solid performance in the first nine months of 2019 and achieves both targets of the new strategic plan Quantum Leap," said the reinsurer's Chairman and CEO Denis Kessler.
Gross written premiums amounted to 12,055 million euros, up 3.2% at constant exchange rates (+6.3% at current exchange rates), including an 11.5% increase for the P&C division and a 2.5% contraction for its Life division.
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3%, with an annualised return on equity (ROE) of 8.8%, which is 816 basis points above the risk-free rate.
"SCOR delivers a solid performance in the first nine months of 2019 and achieves both targets of the new strategic plan Quantum Leap," said the reinsurer's Chairman and CEO Denis Kessler.
Gross written premiums amounted to 12,055 million euros, up 3.2% at constant exchange rates (+6.3% at current exchange rates), including an 11.5% increase for the P&C division and a 2.5% contraction for its Life division.
Copyright (c) 2019 CercleFinance.com. All rights reserved.