- Scor reported insurance revenue of €3.94 billion, falling short of the estimated €4.41 billion.
- The company experienced a net loss of €117 million against an expected profit of €114.4 million.
- Gross written premiums totaled €4.99 billion, below the estimated €5.14 billion.
- Property and Casualty (P&C) gross written premiums came in at €2.50 billion.
- Life and Health (L&H) gross written premiums were €2.49 billion, surpassing one estimate of €2.47 billion.
- Scor incurred an insurance service loss of €51 million, contrary to an anticipated profit of €247.1 million.
- The annualized return on equity (ROE) was negative at -10.2%.
- The group’s solvency ratio was estimated at 203% at the end of Q3 2024, within the optimal range of 185%-220%.
- The solvency ratio decreased from 209% at year-end 2023 and slightly increased from 201% as of mid-2024.
- The Group’s Economic Value growth target of 9% per annum is unlikely to be achieved in FY 2024.
- There are currently 11 buy, 6 hold, and 1 sell recommendations for Scor.
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A look at SCOR SE Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SCOR SE, a company specializing in life, accident, property/casualty, health, and special needs reinsurance, has garnered a positive long-term outlook according to the Smartkarma Smart Scores. With a high score in Dividend and a strong showing in Value, SCOR SE appears to be well-positioned for steady growth and income generation. However, the company’s Growth score lags behind, suggesting potential areas for improvement in expanding its market presence. Despite this, SCOR SE demonstrates resilience and momentum in the reinsurance sector, indicating a stable foundation for future success.
Operating through subsidiaries across Europe, the Americas, Asia, and Africa, SCOR SE also has investments in real estate. This diversified business approach coupled with favorable scores in various key factors bodes well for the company’s overall performance in the foreseeable future. Investors may find SCOR SE an attractive prospect based on its strong Dividend score and solid Value rating, despite the lower score in Growth. With demonstrated resilience and momentum, SCOR SE is poised to navigate challenges and seize opportunities in the reinsurance market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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