SCOR: 2023 objectives under IFRS 17
Following its transition to the new IFRS 17 accounting standards, the SCOR group has set two main targets for the year 2023:
- an economic value growth rate, measured according to IFRS 17 standards between 31 December 2022 and 31 December 2023, of 700 basis points above the risk-free rate at constant interest and foreign exchange rate assumptions
- a solvency ratio at the top end of the optimal range 185-220%.
The French reinsurer will publish its results for Q1 2023 under IFRS 17 on 12 May 2023.
Thierry Léger, who will assume his duties as CEO of SCOR on 1 May 2023, will mainly be responsible for developing a strategic plan under IFRS 17 that will allow the group to fully benefit from the favorable market conditions.
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Wed, 12/04/2023 - 12:34
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