SCOR: significant growth in net result in H1 2021

SCORThe SCOR group has achieved a 3% TURNOVER increase in H1 2021; from 8.195 billion EUR (9.217 billion USD) as at 30 June 2020 to EUR 8.441 million (USD 10.04 billion) one year later.

SCOR Global P&C posted a 7.1% growth in gross written premiums set at 3.768 billion EUR (4.48 billion USD).

The group’s non-life combined ratio has been established at 97.2% during H1 half of 2021.

The SCOR Global Life entity recorded a slight turnover decrease of 0.08%. Life premiums moved from 4.677 in H1 2020 to 4.673 billion EUR (5.56 billion USD) as of 30 June 2021.

By late H1 2021, the group's net result amounted to 380 million EUR (452.35 million USD) compared to 26 million EUR (29.2 million USD) recorded at the end of June 2020 which represents an increase of 1 361%. The return on equity (ROE) is of 12.2%.

The company's shareholder’s equity reached 6.338 billion EUR (7.544 billion USD). The 245% solvency ratio exceeds the range set by the Quantum Leap strategic plan (185-220%).

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