Scor S.A.

SCOR is a holding company. Through its subsidiaries, Co. is engaged mainly in reinsurance. Its customers are insurers and large corporations. Co. is engaged in life reinsurance through SCOR Global Life SE and non-life reinsurance through SCOR Global P&C SE. In the life reinsurance business, Co. offers reinsurance for individual and group life insurance, long-term care, substandard risks, critical illness and financing products. The non-life reinsurance business comprises traditional reinsurance business; Treaty, Business Solutions, and Specialty Lines. In addition, Co. through SCOR Global Investments SE, manages, directly or indirectly its global investment portfolio.
  • TickerSCR
  • ISINFR0010411983
  • ExchangeEuronext Paris
  • SectorNonlife Insurance
  • CountryFrance

Analysts

SCOR SE with less fundamental stars is reduced to Neutral

SCOR SE (FR), a company active in the Reinsurance industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date March 22, 2019, the closing price was EUR 38.22 and its expected value was estimated at EUR 39.26.

Scor - Assemblée générale des actionnaires du 26 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Scor – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

SCOR SE: Semi-Annual Update

FINANCIAL INSTITUTIONS CREDIT OPINION 29 March 2017 Update RATINGS SCOR SE Domicile Paris, France Long Term Rating Aa3 Type Insurance Financial Strength Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Benjamin Serra 33-1-5330-1073

Benoit Valleaux ...
  • Roland Pfaender

SCOR : Underlying trends remain solid

>Good commercial momentum - Yesterday morning, Scor published its 2018 results. Gross written premiums were € 15.3bn in 2018, up 3.2% on a reported basis and 7.1% l-f-l, with a l-f-l increase of 6.7% in P&C and 7.3% in life. Note that the group registered good renewals on 1 January 2019 (premium growth of 9.7% at constant forex, with an average price increase of 1.3%).Operating result affected by natural catastrophes - The 2018 operating result was € ...

Benoit Valleaux ...
  • Roland Pfaender

SCOR : Les tendances sous-jacentes restent solides

>Bonne dynamique commerciale - Scor a publié hier matin son résultat 2018. Les primes brutes émises ont été de 15,3 Md€ en 2018, en hausse de 3,2% en publié et de 7,1% à données comparables dont 6,7% en dommages et 7,3% en vie. Rappelons que le groupe a enregistré de bons renouvellements au 1er janvier dernier (hausse des primes de 9,7% à d.c. avec une hausse moyenne des prix de 1,3%).Un RO affecté par les catastrophes naturelles - Le RO 2018 a été de...

Henry Heathfield

Morningstar | Mediocre 2018 for Scor

Scor reported a mediocre set of 2018 results. While the operating result for the full year came in at EUR 660 million versus EUR 490 million a year prior, net income was EUR 320 million. Gross premiums were up 7%. We maintain our EUR 38 fair value estimate and narrow moat rating. What we are not liking is the focus on U.S. treaty business, though we like specialty. The natural catastrophe ratio for the year was again quite high at 12.5%, made up of typhoons Jebi and Trami in Japan as well as U.S. hurricanes and wildfires. This is twice the annual budget of 6 percentage points of the net combi...

Henry Heathfield

Mediocre 2018 for Scor

Scor reported a mediocre set of 2018 results. While the operating result for the full year came in at EUR 660 million versus EUR 490 million a year prior, net income was EUR 320 million. Gross premiums were up 7%. We maintain our EUR 38 fair value estimate and narrow moat rating. What we are not liking is the focus on U.S. treaty business, though we like specialty. The natural catastrophe ratio for the year was again quite high at 12.5%, made up of typhoons Jebi and Trami in Japan as well as U.S...

Olivier Pauchaut

SCOR : The need to (over)deliver | BUY | EUR38

SCOR - BUY | EUR38(-1%) The need to (over)deliver Q4 results are pretty much in line Solid solvency and a nice dividend Victor Peignet to retire Some pressure to deliver

1 director sold after exercising options/sold

A director at Scor sold after exercising options/sold 90,426 shares at 35.629EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules....

Alain William ...
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/21/2019

...

Alain William ...
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/02/2019

...

Anis Zgaya ...
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Samantha Jeary
  • Steven Gould
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/13/2019

We are initiating coverage on HOCHTIEF on Neutral, with a target price of € 152. We are attracted by the combination of yield and growth as well as by management’s track record, but we believe that other companies within our coverage (Eiffage, VINCI) today offer equally attractive and more sustainable levels of FCF yield and return. - ...

Anis Zgaya ...
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Samantha Jeary
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/02/2019

Nous initions HOCHTIEF à Neutre, avec un objectif de cours de 152 €. Nous sommes séduits par la combinaison rendement-croissance ainsi que par le track record du management mais nous estimons que d’autres valeurs au sein de notre univers de couverture (Eiffage, VINCI) offrent aujourd’hui des niveaux de FCF yield et de rendement aussi intéressants et plus pérennes. Cf étude publiée hier soir. - ...

Ahmed Ben Salem ...
  • Alain William
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/08/2019

In the face of macroeconomic turbulence, office and retail real estate investment companies are “safe haven” stocks due to the durability of their dividends and their capacity to create value via their project pipelines. We particularly appreciate stocks which have adapted/clarified their strategies to fit new trends in the market. As such, we confirm our Buy recommendations on Gecina, Klépierre and Carmila and have upgraded Icade and Unibail-Rodamco-Westfield to Buy. Cf. report publi...

SCOR SE with less fundamental stars is reduced to Neutral

SCOR SE (FR), a company active in the Reinsurance industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date March 22, 2019, the closing price was EUR 38.22 and its expected value was estimated at EUR 39.26.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

Olivier Pauchaut

Insurance & Fintech: Satisfactory renewals for Scor, decent FY numbers for Zurich

Insurance & Fintech Satisfactory renewals for Scor, decent FY numbers for Zurich SCOR: satisfactory Jan. renewals, heavy Q4 natcat losses ZURICH: decent FY numbers, as expected

MarketLine Department

QBE Insurance Group Limited - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's QBE Insurance Group Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by QBE Insurance Group Limited since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competi...

MarketLine Department

Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic grow...

Scor - Assemblée générale des actionnaires du 26 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Scor – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 26/04/2018

ITEM 9: the election of Ms Wang is welcome as the board will now have 61% of independent board members (vs 53% in 2017). ITEMS 4 and 5: post-employment benefits are still excessive while the Chairman and CEO could save by himself considering his remuneration. ITEM 7: we commend the company that improved its disclosure regarding the remuneration for the upcoming fiscal year. However, no change was made regarding LTI; hence they still allow vesting in case of underperformance. This is not acceptable.

Jehanne Leroy

Proxy Report - 26/04/2018

L’année 2017 a été une année exceptionnelle en termes de catastrophes naturelles de grande ampleur, expliquant la baisse de 53% du résultat net. Ainsi, le taux de distribution du dividende (qui a été en moyenne de 47% sur les 11 dernières années) est cette année de 108%. Bien que nous soutenions la distribution proposée, nous conseillons à la société d’adopter une politique de distribution du dividende en pourcentage du résultat net par action ; les distributions proposées seraient alors totalement corrélées avec les résultats. La nomination de Zhen Wang est bienvenue car cela permet au conse...

Jehanne Leroy

Proxy Report - 26/04/2018

ITEM 9: the election of Ms Wang is welcome as the board will now have 61% of independent board members (vs 53% in 2017). ITEMS 4 and 5: post-employment benefits are still excessive while the Chairman and CEO could save by himself considering his remuneration. ITEM 7: we commend the company that improved its disclosure regarding the remuneration for the upcoming fiscal year. However, no change was made regarding LTI; hence they still allow vesting in case of underperformance. This is not acceptable.

Matthieu DRIOL

Analyse court terme - SCOR SE : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 44,11 € et 50,43 €. La tendance serait invalidée sous le support à 33,00 €.

Matthieu DRIOL

Short term view - SCOR SE : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €44.11 and €50.43. The trend would be invalidated below the support at €33.00.

Matthieu DRIOL

Analyse court terme - SCOR SE : Les cours progressent encore.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 44,11 €. La rupture du support à 33,00 € invaliderait cette tendance.

Matthieu DRIOL

Short term view - SCOR SE : Prices are still making progress

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €44.11. Breaking below the support at €33.00 would invalidate the trend.

Matthieu DRIOL

Analyse moyen terme - SCOR SE : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 43,70 € et 46,43 €. La tendance serait invalidée sous le support à 31,10 €.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch