SCOR: H1 2020 results

scorDespite the coronavirus pandemic, the SCOR group recorded a 2.3% increase in turnover during the first half of 2020.

The company’s turnover went from 8.010 billion EUR (9.105 billion USD) on 30 June 2019 to 8.195 billion EUR (9.217 billion USD) one year later. SCOR Global P&C, which manages the group's P&C activity, registered a 2.1% increase in gross written premiums to reach 3.518 billion EUR (3.956 billion USD).

Greatly impacted by the COVID-19, the combined ratio set at 93.7% in 2019, was established at 102.3% by June 2020. With a 2.5% premium growth, SCOR Global Life achieved a slightly higher rate than SCOR P&C.

The life premiums went from 4.564 billion EUR (5.187 billion USD) at the end of June 2019 to 4.677 billion EUR (5.260 billion USD) by late June 2020.

The Group's net result decreased by 90.9% as it totalled 26 million EUR (29.24 million USD) compared to 286 million EUR (325.088 million USD) at the end of June 2019. Ultimately, the Return On Equity (ROE) was established at 0.8%.

Read also | Top 10 global reinsurance companies

0
Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits