PARIS May 6 French reinsurer Scor
posted a 22 percent rise in first-quarter net profit on Tuesday,
helped by "solid growth" at its Global Life insurance division.
Net income was 135 million euros ($187 million), Scor said
in a statement. Gross written premiums rose 15 percent at
constant exchange rates to 2.67 billion euros, Scor added.
"Scor is firmly on track to achieve the profitability and
solvency targets" set in its "Optimal Dynamics" plan, Chief
Executive Denis Kessler said in the statement.
Scor has said it is targeting annual sales growth, excluding
acquisitions, of 7 percent through mid-2016, thanks in part to
its purchase of rival Generali's U.S. assets.
($1 = 0.7205 Euros)
(Reporting by James Regan; Editing by Blaise Robinson)