SCOR closed the 2015 year with solid performance

The data published on February 24, 2016 by SCOR, the fifth largest reinsurer, showed a 25% growth in its 2015 net profit which amounted to 642 million EUR (701.5 million USD).

Same trend for the overall turnover which increased by 18.6% at 13 421 million EUR (14 665 million USD ). SCOR Global Life, the group life entity achieved the strongest growth of + 20.6% in 2015 standing at 7 698 million EUR (8412 million USD) in premiums. As for the non life entity, SCOR Global P & C, it closed the year with a premium volume of 4 935 million EUR (5 392 million USD), that is a 16% growth in one year at the current exchange rate.

Shareholders' equity amounted to 6 363 million EUR (6 953 million USD ), up by 11.1%. The net non life combined ratio improved by 0.3 point from 91.4% in 2014 to 91.1% in 2015.

In 2015, the group's strategy and financial strength were once again welcomed by rating agencies, with the upgrading of the rating to AA- by Fitch and S & P respectively in July and that of the the outlook from"stable" to "positive" by AM Best (a rating with positive outlook granted in September 2015) and Moody's (A1 rating with positive outlook assigned in December 2015).

Note that the dividend paid to shareholders rose from 1.4 EUR (1.7 USD) per share in 2014 to 1.5 EUR (1.6 USD) per share in 2015.

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