Scor releases its first quarter 2017 results
The French reinsurer Scor has published its quarterly financial statements. The figures as at 31 March 2017 reported a net result of EUR 140 million (USD 150.3 million), down by 17.6% compared to EUR 170 million (USD 192.3 million) for the same period of 2016.
The Group turnover rose by almost 14%, from 3.28 billion EUR (3.7 billion USD) to 3.74 billion EUR (4 billion USD) by the end of March 2017.
Scor Global Life generated premiums worth 2.1 billion EUR (2.3 billion USD) against 1.6 billion EUR (1.7 billion USD) for Scor Global P & C.
Shareholders' equity amounted to 6.84 billion EUR (7.3 billion USD) in comparison with 6.36 billion EUR (7.2 billion USD) as at the first quarter of 2016. Finally, the combined ratio deteriorated by 4.8 points from 89.7% to 94.5%.
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