Scor: back to black in Q3
(CercleFinance.com) - Reinsurer Scor reports net income of E147m for Q3 2023, compared with a loss of E752m a year ago, representing an annualised RoE of 13.
7% (12.5% adjusted).
It thus announces positive results for a quarter historically marked by strong claims, which weighed on property-casualty and liability (P&C) (re)insurance, a division that it says posted a mixed performance.
In contrast, the L&H (life and health) division generated E113m in income from insurance activities, compared with E47m a year ago, while investments generated a current return of 3.4%, benefiting from high reinvestment rates.
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