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Scor Results: Revenues Better, Profits Weaker

FINANCIALS

Scor (SCOR: A-/BBB+) results headlines look like a revenue beat but profit miss, with slightly weaker combined ratio:


  • *SCOR 1Q NET INCOME EU196M, EST. EU222.2M
  • *SCOR 1Q INSURANCE REV. EU4.11B, EST. EU4.01B
  • *SCOR 1Q SOLVENCY RATIO 215%, EST. 217.1%
  • *Scor 1Q P&C Combined Ratio 87.1% (cons: 85.6%)

Conf call is 0800 (London time) at: https://event.webcasts.com/starthere.jsp?ei=1665570&tp_key=bec318fbcc

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