Scor: FY earnings up 31%

(CercleFinance.com) - Scor has reported net profit of 422 million euros for 2019, up 31.
1%, with an annualised return on normalised equity of 9%, exceeding the profitability target of the "Quantum Leap" strategic plan

The reinsurer posted gross written premiums of 16,341 million euros, up 4.1% at constant exchange rates (+7.1% on a reported basis), with a 12.7% increase for Scor Global P&C, although a slight erosion of 1.8% for Scor Global Life.

With a solvency ratio estimated at 226% at 31 December 2019, the group will pay a dividend of 1.80 euro per share for 2019, in line with its policy of capital management and distribution to shareholders.


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