The SCOR [4] Group ended the 2019 year with a turnover of 16.341 billion EUR (18.3 billion USD), up 7.1% compared to 2018. The net result grew by 31.1% to 422 million EUR (472.5 million USD). The group's return on equity gained 1.5 points to stand at 7%.
SCOR Global Life division reported a turnover worth 9.194 billion EUR, decreasing by of 1.8% at a constant exchange rate in comparison with 2018. The decreasing written premiums are accounted for by the renewal of certain financial solutions transactions as fee business (rather than as premiums). For its part, SCOR Global P&C posted a 15.8% increase in its turnover to 7.147 billion EUR (8.003 billion USD). Its combined net ratio stood at 99% at December 31, 2019, down 0.4 points in comparison with the previous year.
Read also | SCOR Global P&C: Results 2019 [5]