Scor: posts net loss for Q1
(CercleFinance.com) - Scor has posted a net loss of 80 million euros for the first quarter of 2022, compared with a net profit of 45 million euros a year ago, with gross written premiums of 4.
71 billion euros, up 14.3% (+9.7% at constant exchange rates).
The reinsurer says that during this period, it absorbed the shocks linked to potential claims resulting from the conflict in Ukraine, a series of natural catastrophes and the continuation of the pandemic in the United States.
At end-March, Scor announced NAV per share of 33.89 euros, as well as an estimated solvency ratio of 240%, above the optimal solvency range of 185%-220% defined in its strategic plan "Quantum Leap".
Copyright (c) 2022 CercleFinance.com. All rights reserved.
71 billion euros, up 14.3% (+9.7% at constant exchange rates).
The reinsurer says that during this period, it absorbed the shocks linked to potential claims resulting from the conflict in Ukraine, a series of natural catastrophes and the continuation of the pandemic in the United States.
At end-March, Scor announced NAV per share of 33.89 euros, as well as an estimated solvency ratio of 240%, above the optimal solvency range of 185%-220% defined in its strategic plan "Quantum Leap".
Copyright (c) 2022 CercleFinance.com. All rights reserved.