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6 months ago
BRIEF-Scor Q4 gross written premiums up 5.4 pct at 3.61 billion euros, raises dividend and plans share buyback
February 22, 2017 / 6:48 AM / 6 months ago

BRIEF-Scor Q4 gross written premiums up 5.4 pct at 3.61 billion euros, raises dividend and plans share buyback

Feb 22 (Reuters) - Scor SE:

* 2016 annual results: Scor records net income of 603 million euros, increases its dividend to 1.65 euros and envisages share buy-backs

* Gross written premiums reach 13,826 million euros in 2016, up 5.3 pct at constant exchange rates compared to 2015

* Scor - could consider share buy-backs over next 24 months

* Q4 gross written premiums 3.6 billion euros versus 3.43 billion euros year ago

* Q4 gross written premiums 3.61 billion euros versus 3.43 billion euros year ago

* Scor - SCOR is well on track to reach its strategic targets for "vision in action"

* Q4 net income 165 million euros versus 150 million euros year ago

* Scor's financial leverage stands at 24.4 pct at 31 December 2016

* Q4 P&C gross written premiums 1.40 billion euros versus 1.37 billion euros year ago

* Q4 life gross written premiums 2.21 billion euros versus 2.06 billion euros year ago

* 2016 net combined ratio of 93.1 percent versus 91.1 percent year ago

* Estimated solvency ratio at 31 December 2016 stands at 225 pct compared to 211 pct at year-end 2015, above the optimal range of 185 pct - 220 pct as defined in “vision in action” plan

* Scor to benefit from the foreseeable increase in interest rates in 2017 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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