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Latest Key Developments (Source: Significant Developments)

Scor Q1 net income down at 140 million euros
Thursday, 27 Apr 2017 02:26am EDT 

April 27 (Reuters) - Scor : :Q1 gross written premiums 3.74 billion euros ($4.08 billion) versus 3.28 billion euros year ago.Q1 P&C gross written premiums 1.56 billion euros versus 1.38 billion euros year ago.Q1 P&C combined ratio of 94.5 percent versus 89.7 percent year ago.Q1 net income 140 million euros versus 170 million euros year ago.Q1 operating results 206 million euros versus 283 million euros year ago.Q1 life gross written premiums 2.18 billion euros versus 1.91 billion euros year ago.Q1 annualized return on equity at 8.6 percent versus 11.2 percent year ago.Full-Year 2017 premium growth is expected to normalize, in line with the "vision in action" annual premium growth assumption.As at 31 March 2017, the expected financial cash flows over the next 24 months stand at 6.1 billion euros (including cash, coupons and redemptions).Scor reaffirms its ambition for share buybacks.Scor global investments continues to reinforce its ESG policy and announces its full divestment from tobacco companies.Undertakes across its entire invested assets portfolio to make no new financial investment in such companies in the future.  Full Article

Scor says excess capital decision could happen at any point in time - conf call
Wednesday, 22 Feb 2017 04:45am EST 

Scor SE : Says excess capital decision could happen at any point in time - conf call . Says nothing on the horizon regarding M&A - conf call Further company coverage: [SCOR.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Scor Q4 gross written premiums up 5.4 pct at 3.61 billion euros, raises dividend and plans share buyback
Wednesday, 22 Feb 2017 01:45am EST 

Scor SE : 2016 annual results: Scor records net income of 603 million euros, increases its dividend to 1.65 euros and envisages share buy-backs . Gross written premiums reach 13,826 million euros in 2016, up 5.3 pct at constant exchange rates compared to 2015 . Scor - could consider share buy-backs over next 24 months . Q4 gross written premiums 3.6 billion euros versus 3.43 billion euros year ago . Q4 gross written premiums 3.61 billion euros versus 3.43 billion euros year ago . Scor - SCOR is well on track to reach its strategic targets for "vision in action" . Q4 net income 165 million euros versus 150 million euros year ago . Scor's financial leverage stands at 24.4 pct at 31 December 2016 . Q4 P&C gross written premiums 1.40 billion euros versus 1.37 billion euros year ago . Q4 life gross written premiums 2.21 billion euros versus 2.06 billion euros year ago . 2016 net combined ratio of 93.1 percent versus 91.1 percent year ago . Estimated solvency ratio at 31 December 2016 stands at 225 pct compared to 211 pct at year-end 2015, above the optimal range of 185 pct - 220 pct as defined in “vision in action” plan .Scor to benefit from the foreseeable increase in interest rates in 2017.  Full Article

Scor Global P&C January renewals up 5.4 pct
Tuesday, 7 Feb 2017 11:45am EST 

Scor SE :Scor Global P&C shows 5.4% premium growth at January renewals at constant exchange rates, from 3.0 billion euros ($3.2 billion) to 3.2 billion euros.  Full Article

Scor receives authorization to open a composite branch office in India
Tuesday, 27 Dec 2016 11:37am EST 

Scor : Scor receives the authorization to open a composite branch office in India . Insurance Regulatory and Development Authority of India granted SCOR R3 authorization, allowing group to open composite branch office in India to conduct Life and P&C reinsurance business ."Our local team will be ready to provide business solutions to our Indian clients as of the 1 April 2017 renewals" - CEO.  Full Article

Scor redeems balance of undated subordinated note lines
Wednesday, 3 Aug 2016 02:25am EDT 

Scor SE :Redeems the balance of its 350 million euro ($392.18 million) and 650 million Swiss franc undated subordinated note lines.  Full Article

Scor H1 gross written premiums at 6,735 million euros, up 5.9%
Wednesday, 27 Jul 2016 01:13am EDT 

Scor : Gross written premiums reach 6,735 million euros at end of first six months of 2016, up 5.9 pct at constant exchange rates compared to 2015 (+3.7 pct at current exchange rates) . H1 net income 275 million euros versus 327 million euros a year ago . Scor's estimated solvency ratio at 30 June 2016 , adjusted for redemption of two debts callable in Q3 2016, stands at 210 pct . Records net income of 275 million euros for the first six months of 2016, confirming the strength of its business model . Group net income reaches 275 million euros in H1 2016, down 15.9 pct compared to h1 2015 . During period, Scor global investments has proactively decreased its exposure to financial sector and has no remaining exposure to UK, Italian or Spanish bank debt . Says concerning consequences of UK referendum , scor does not foresee any negative impact on its strategy .Full-Year 2016 premium growth is expected to normalize at approximately +5 pct versus 2015.  Full Article

Scor successfully places 500 million euro dated subordinated notes
Tuesday, 24 May 2016 12:53pm EDT 

Scor : Successfully places 500 million euro ($557.4 million) dated subordinated notes . Coupon has been set to 3.625 pct (until 27 May 2028 first call date), and resets every 10 years at prevailing 10 years euro mid-swap rate + 3.90% . Confirms its current intention to redeem balance of 350 million euro and CHF 650 million undated subordinated note lines, callable in July and August 2016 respectively . Notes are expected to be rated A by Standard & Poor's and A- by FITCH .Settlement is expected to take place on 27 May 2016.  Full Article

Covéa says to have bought about 5.64 pct of Scor capital
Sunday, 10 Apr 2016 08:00pm EDT 

Scor SE:Covéa group says to have bought about 5.64 pct of Scor capital to increase its shareholding to 7.67 pct.  Full Article

Scor comments on FY 2016 guidance, proposes FY 2015 dividend of EUR 1.50/share
Wednesday, 24 Feb 2016 01:30am EST 

Scor SE:Proposes an FY 2015 dividend of 1.50 euro per share.For 2016, given mounting headwinds, estimated return on invested assets could be in range of 2.8 pct to 3.1 pct.  Full Article

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European shares hit new 14-month high, positive earnings boost

LONDON, Feb 22 European shares climbed to a new 14-month high on Wednesday, supported by well-received earnings updates from companies such as Lloyds, Telefonica Deutschland and Scor.