Edition:
India

Scor: annual net income rises from 2017, dividend also up


Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Scor SE ::SCOR CONTINUES TO GROW IN 2018, RECORDS A NET INCOME OF EUR 322 MILLION AND PROPOSES A DIVIDEND OF EUR 1.75 PER SHARE.GROUP NET INCOME IS EUR 322 MILLION FOR 2018.NET OPERATING CASH FLOWS STAND AT EUR 891 MILLION AS OF DECEMBER 31, 2018.ESTIMATED SOLVENCY RATIO STANDS AT 215%5 ON DECEMBER 31, 2018.FY GROSS WRITTEN PREMIUMS EUR 15.26 BILLION VERSUS EUR 14.79 BILLION YEAR AGO.ANNUALIZED ROE AT 5.5 PERCENT VERSUS 4.5 PERCENT YEAR AGO.THE MERGER OF THE 3SES IS ON TRACK AND IS EXPECTED TO BE COMPLETED IN Q1 2019.THE SOLVENCY CAPITAL BENEFITS OF THIS MERGER ARE ESTIMATED TO BE AROUND EUR 200 MILLION.