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Scor SE (SCOR.PA)

SCOR.PA on Paris Stock Exchange

34.45EUR
11 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Scor Q3 net income turns to loss of 267 million euros
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - SCOR :‍ESTIMATED SOLVENCY RATIO STANDS AT APPROXIMATELY 213% AS AT 30 SEPTEMBER 2017​.Q3 GROSS WRITTEN PREMIUMS EUR ‍​3.6 BILLION VERSUS EUR 3.5 BILLION YEAR AGO.Q3 NET LOSS EUR ‍​267 MILLION VERSUS PROFIT OF EUR 163 MILLION YEAR AGO.‍Q3 IS MARKED BY AN EXCEPTIONAL SERIES OF LARGE NATURAL CATASTROPHES, WITH HURRICANES HARVEY, IRMA AND MARIA AND EARTHQUAKES IN MEXICO LEADING TO A COST OF EUR 430 MILLION NET OF RETROCESSION AND TAX.Q3 P&C COMBINED RATIO OF ‍​136.7 PERCENT VERSUS 91.4 PERCENT YEAR AGO.  Full Article

Scor estimates cost of Harvey, Irma and Maria hurricanes and Mexico earthquakes​
Monday, 9 Oct 2017 

Oct 9 (Reuters) - SCOR SE ::SCOR - ‍ESTIMATES COST OF HARVEY, IRMA AND MARIA HURRICANES AND MEXICO EARTHQUAKES​.SCOR - ‍ESTIMATES COST OF THESE EVENTS AT EUR 430 MILLION NET OF RETROCESSION AND TAX FOR Q3.  Full Article

Scor redeems balance of undated subordinated note lines
Wednesday, 3 Aug 2016 

Scor SE :Redeems the balance of its 350 million euro ($392.18 million) and 650 million Swiss franc undated subordinated note lines.  Full Article

Scor H1 gross written premiums at 6,735 million euros, up 5.9%
Wednesday, 27 Jul 2016 

Scor : Gross written premiums reach 6,735 million euros at end of first six months of 2016, up 5.9 pct at constant exchange rates compared to 2015 (+3.7 pct at current exchange rates) . H1 net income 275 million euros versus 327 million euros a year ago . Scor's estimated solvency ratio at 30 June 2016 , adjusted for redemption of two debts callable in Q3 2016, stands at 210 pct . Records net income of 275 million euros for the first six months of 2016, confirming the strength of its business model . Group net income reaches 275 million euros in H1 2016, down 15.9 pct compared to h1 2015 . During period, Scor global investments has proactively decreased its exposure to financial sector and has no remaining exposure to UK, Italian or Spanish bank debt . Says concerning consequences of UK referendum , scor does not foresee any negative impact on its strategy .Full-Year 2016 premium growth is expected to normalize at approximately +5 pct versus 2015.  Full Article

Scor successfully places 500 million euro dated subordinated notes
Tuesday, 24 May 2016 

Scor : Successfully places 500 million euro ($557.4 million) dated subordinated notes . Coupon has been set to 3.625 pct (until 27 May 2028 first call date), and resets every 10 years at prevailing 10 years euro mid-swap rate + 3.90% . Confirms its current intention to redeem balance of 350 million euro and CHF 650 million undated subordinated note lines, callable in July and August 2016 respectively . Notes are expected to be rated A by Standard & Poor's and A- by FITCH .Settlement is expected to take place on 27 May 2016.  Full Article

Covéa says to have bought about 5.64 pct of Scor capital
Monday, 11 Apr 2016 

Scor SE:Covéa group says to have bought about 5.64 pct of Scor capital to increase its shareholding to 7.67 pct.  Full Article

Scor comments on FY 2016 guidance, proposes FY 2015 dividend of EUR 1.50/share
Wednesday, 24 Feb 2016 

Scor SE:Proposes an FY 2015 dividend of 1.50 euro per share.For 2016, given mounting headwinds, estimated return on invested assets could be in range of 2.8 pct to 3.1 pct.  Full Article

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British, EU insurers seek mutual access after Brexit

LONDON British and European Union insurers need transitional agreements and a "mutual market access" deal to preserve London's place as a global hub after Brexit, an insurance lobby group said on Wednesday.