Edition:
India

SCOR 9-Month Net Income Up At 401 Million Euros


Thursday, 24 Oct 2019 

Oct 24 (Reuters) - SCOR SE ::SCOR DELIVERS A SOLID PERFORMANCE WITH NET INCOME OF EUR 401 MILLION IN FIRST NINE MONTHS OF 2019.GROUP NET INCOME STANDS AT EUR 401 MILLION IN THE FIRST NINE MONTHS OF 2019, UP 17.3% COMPARED TO THE FIRST NINE MONTHS OF 2018.GROSS WRITTEN PREMIUMS TOTAL EUR 12,055 MILLION IN THE FIRST NINE MONTHS OF 2019, UP 3.2% AT CONSTANT EXCHANGE RATES.GROUP TOTAL CASH FLOWS STAND AT EUR 693 MILLION IN THE FIRST NINE MONTHS OF 2019 AND NET OPERATING CASH FLOWS STAND AT EUR 573 MILLION.ESTIMATED SOLVENCY RATIO STANDS AT 203% ON SEPTEMBER 30, 2019, IN THE OPTIMAL SOLVENCY RANGE OF 185% - 220% AS DEFINED IN THE “QUANTUM LEAP” STRATEGIC PLAN.UNDER CURRENT MARKET CONDITIONS, SCOR GLOBAL INVESTMENTS EXPECTS AN ANNUALIZED RETURN ON INVESTED ASSETS IN THE 2.7%-3.0% RANGE FOR FY 2019.9-MONTH NET OPERATING CASH FLOW EUR 573 MILLION VERSUS EUR 811 MILLION YEAR AGO.