Scor SE (SCRYY.PK)
Wed, Feb 22 2017
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.
PARIS, Feb 22 French reinsurer Scor said it could consider share buybacks for up to 200 million euros ($211 million) depending on market conditions, on top of a rise in 2016 dividends, after it reported a 10 percent increase in fourth-quarter net income.
BRIEF-Scor Q4 gross written premiums up 5.4 pct at 3.61 billion euros, raises dividend and plans share buyback
* 2016 annual results: Scor records net income of 603 million euros, increases its dividend to 1.65 euros and envisages share buy-backs
* Reports net income of 438 million euros ($477.6 million) for first nine months of 2016, confirming strength of its business