Scor SE (SCOR.PA)
24 Feb 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
* Has been informed of decision by Standard & Poor's (S&P) to affirm financial strength rating for group and its main subsidiaries at "AA-", with a "stable outlook" Source text for Eikon: Further company coverage: (Gdynia Newsroom)
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Insurance Peer Review: Major European Reinsurers https://www.fitchratings.com/site/re/886063 LONDON, August 31 (Fitch) Fitch Ratings completed its peer review of the four major European reinsurers in July, with this report outlining the main review findings. The peer review report compares and contrasts Fitch's views on the key credit factors of the four reinsurers: Hannover Rueck SE (Hannover Re); Muni