Shareholder Structure


Shareholders declaring having more than 2.5% of the registered capital and shareholders represented on the Board of Directors.


Distribution of capital (number of shares, % of capital and voting rights) – (i) shareholders having more than 2.5% of the registered capital and/or voting rights and (ii) shareholders represented on the Board of Directors (on the basis of a study of identifiable share bearers ("Titres aux Porteurs Identifiables" – "TPI") conducted by the Company as of March 31, 2019). 


As of March 31, 2019


Groupe Covéa 15,767,803 8.15% 8.48%
Allianz Global Investors GmbH (Germany) 11,342,913 5.86% 6.10%
Tweedy, Browne Co. LLC (United States) 8,018,975 4.15% 4.31%
Alecta pensionsförsäkring, ömsesidigt 8,000,000 4.14% 4.30%
BlackRock Fund Advisors (United States)2 6,474,774 3.35% 3.48%
Malakoff Médéric (France)3 5,875,506 3.04% 3.16%
Treasury Shares 7,517,107 3.89%  
Employees4, 5 9,037,995 4.67% 4.86%
Others 121,368,265 62.75% 65.29%
Total 193,403,338 100.00% 100.00%

The percentage of voting rights is determined on the basis of the number of shares at closure, excluding the company’s own treasury shares.
Investment decisions are treated individually in BlackRock’s funds even though voting intentions are taken by the parent fund for all funds. BlackRock Inc’s aggregated number of shares, including BlackRock Institutional Trust Company, amounted to 16,221,126 representing 8.39% of the capital and 8.73% of the voting shares.

3  Member of the Board of Directors.

4 Overall number of shares held by employees (including performance shares granted prior to the publication of Law No. 2015-990 of August 6, 2015).

As at March 31, 2019, employee shareholdings, as defined in Article L.225-102 of the French Commercial Code, amount to 1.45% of the capital.


Pursuant to the shareholder’s notifications received by SCOR, there was no other shareholder than those indicated in the table above holding, directly or indirectly, alone or in concert, more than 2.5% of the share capital or voting rights of the Company as at March 31, 2019. According to CMi2i share analysis on 31/03/2019, some of these companies are in addition shareholders via mutual funds and other investment funds.




Distribution of identified shareholders




Geographic distribution of identified institutional shareholders