08Nov06

Press release

Group

SCOR records a net income of EUR 155 million, up 87%

Results for the first nine months of 2006.

Results for the first nine months of 2006
 
  • Gross written premiums: EUR 2,091 million (+ 18% compared to the first nine months of 2005), of which Non-Life business amounts to EUR 1,285 million (+28%).
  • Operating income: EUR 286 million (+ 54% compared to the first nine months of 2005)
  • Net income: EUR 155 million (+ 87% compared to the first nine months of 2005) 
  • Net income per share: EUR 0.16 (+ 60% compared to the first nine months of 2005)
  • Shareholders’ equity at 30 September 2006: EUR 1,760 million (compared to EUR 1,719 million at 31 December 2005)
  • Combined ratio for Non-Life reinsurance: 97.1 % at 30 September 2006 compared to 106.0 % at 30 September 2005
  • Margin on net earned premiums for Life reinsurance: 7.4% compared to 7.8% for the first nine months of 2005
  • Gross investment income: EUR 346 million (quasi-stable compared to the first nine months of 2005)
Significant Events
 
  • The Revios acquisition/integration is proceeding in accordance with the market plan fixed at the beginning of July
  • Accelerated growth in property & casualty reinsurance and renewed growth in Life insurance
  • Upgrade of the Group’s rating to “A-, stable outlook” by AM Best on 8 September 2006 
  • Upgrade of the Group’s rating to “A3, stable outlook” by Moody’s on 13 October 2006

Contact

Marie-Laurence Bouchon

Group Head of Communications

+33 (0)1 58 44 75 43

mbouchon@scor.com

 

Ian Kelly

Head of Investor Relations

+44 203 207 8561

ikelly@scor.com