Edition:
India

Scor Announces Its On Track With Its Strategic Plan


Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - SCOR SE ::IS ON TRACK WITH ITS TARGETS.CONFIRMS BOTH GROWTH AND TECHNICAL PROFITABILITY ASSUMPTIONS OF ITS BUSINESS ENGINES.SCOR GLOBAL P&C HAS A GROWTH ASSUMPTION OF BETWEEN 5% AND 8% PER ANNUM.SCOR GLOBAL P&C HAS AN ASSUMED NET COMBINED RATIO OF BETWEEN 95% AND 96%.SCOR GLOBAL LIFE HAS A GROWTH ASSUMPTION OF UP TO 6% PER ANNUM.SCOR GLOBAL LIFE HAS AN ASSUMED TECHNICAL MARGIN OF BETWEEN 6.8% AND 7%..ANNUALIZED RETURN ON INVESTED ASSETS IS EXPECTED TO BE IN UPPER HALF OF 2.5% TO 3.2% RANGE, UNDER CURRENT MARKET CONDITIONS..OVERALL, GROUP EXPECTS TO GROW BETWEEN 5% AND 7% OVER LIFE OF STRATEGIC PLAN.SCOR'S ESTIMATED SOLVENCY RATIO IS VERY STRONG AT 221%.SCOR HAS EXECUTED 50% OF EUR 200 MILLION SHARE BUY-BACK ANNOUNCED ON JULY 27, 2017.SCOR GLOBAL INVESTMENTS EXPECTS ANNUALIZED RETURN ON INVESTED ASSETS TO BE IN UPPER PART OF "VISION IN ACTION" 2.5%-3.2% RANGE FOR FY 2018 AND OVER LIFE OF STRATEGIC PLAN.. 

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