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

1 director sold

A director at Scor sold 2,410 shares at 37.268EUR and the significance rating of the trade was 57/100. 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. The names of board members al...

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

Henry Heathfield

Morningstar | Scor, a Dominant Force in Life Reinsurance

Scor's underlying core technical underwriting ability is similar to that of its peers. We believe the business benefits from a narrow moat due to a higher proportion of life reinsurance, which we view as structurally moaty. Scor's latest optimisation plan, Vision in Action, targets return on equity at or above 800 basis points over a five-year risk-free rate. Operationally, Scor is focusing on an under-represented U.S. property and casualty market and emerging markets within life and health.Life insurance markets vary significantly, and the impact of a potentially adverse trend risk or large p...

Henry Heathfield

Scor, a Dominant Force in Life Reinsurance

Scor reported net income of EUR 131 million for the first quarter 2019. This is below our estimates and this is a poor set of results from this narrow moat business. We maintain our 38.0 fair value estimate and narrow moat rating. Within the non-life division, while the combined ratio is impressive at 94.6% and premiums grew exceptionally, by around 13% at constant rates, this growth has been driven by the United States where we know Scor is tilting more towards natural catastrophe. This quarte...

Benoit Valleaux ...
  • Roland Pfaender

SCOR : Robust growth in P&C reinsurance

>Continued growth - Scor published its Q1 2019 results on Friday morning. Gross written premiums were € 3,985m in Q1 2019, up 5.7% reported and 2.0% at constant forex. Growth at constant forex was very robust in P&C (+12.8%), reflecting good renewals for the group which reported strong growth in the US. In life reinsurance, premiums were down 5.0% at constant forex but this was due to a new accounting treatment on a number of the financial solutions contracts. Excludi...

Benoit Valleaux ...
  • Roland Pfaender

SCOR : Forte croissance en réassurance dommages

>Poursuite de la croissance - Scor a publié vendredi matin son RN du T1 2019. Les primes ont été de 3 985 M€ au T1 2019, en hausse de 5.7% en publié et de 2.0% à taux de change constants. La croissance à taux de change constants a été très forte en réassurance dommages (+12,8%), ce qui reflète les bons renouvellements du groupe, qui enregistre une forte croissance aux Etats-Unis. En réassurance vie, les primes ont baissé de 5.0% à taux de change constants, mais cela e...

Olivier Pauchaut

SCOR | BUY | EUR38 The absolute need to deliver

SCOR | BUY | EUR38 The absolute need to deliver

1 director sold

A director at Scor sold 2,410 shares at 37.268EUR and the significance rating of the trade was 57/100. 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. The names of board members al...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/29/2019

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 29/04/2019

...

Alfred Glaser ...
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Jerôme Bodin
  • Laurence Hofmann
  • Martial Descoutures
  • Michael Foundoukidis
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 24/04/2019

...

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 – 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

...

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...

Jehanne Leroy

Scor - Assemblée générale des actionnaires du 26 avril 2019

Gouvernance:CIAM a déposé une résolution externe afin de mettre fin par anticipation au mandat d'administrateur de Denis Kessler, Président Directeur Général, en raison du cumul des fonctions de Président et de Directeur Général de celui-ci. Proxinvest avait, en 2017, soutenu le renouvellement de Denis Kessler, en raison notamment des contre-pouvoirs que la société a mis en place, mais avait alerté la société sur le manque de lisibilité de la politique de succession de son premier dirigeant. En effet, il a 67 ans, son mandat court jusqu’en 2021 et la limite des statuts concernant l’âge du Dire...

Expert Corporate Governance Service (ECGS)

SCOR SE - AGM 26 April 2019

ITEM A: CIAM (activist fund) added an external resolution that proposes to prematurely terminate the term of office of Denis Kessler, Chairman and CEO, because he cumulates both functions. ECGS, in 2017, supported the mandate renewal of Denis Kessler mainly because of the counter powers implemented. But we also warned the Company on the succession planning matter. Indeed, Denis Kessler is 67, his mandate will end in 2021 and the Bylaws’ age limitation to be a CEO is 70. Thus the Company should make the market aware of Mr Kessler’s successor, by naming a Deputy CEO, for example. However, this m...

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...

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

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 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

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 €.

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