(CercleFinance.com) – Scor posted a net loss of 80 million euros for the first quarter of 2022, compared to a net result of 45 million a year earlier, for gross written premiums of 4.71 billion, up 14.3% (+9.7% at constant exchange rates).
The reinsurer explains that it absorbed during this period “the shocks linked to potential losses resulting from the conflict in Ukraine, a series of natural disasters and the continuation of the pandemic in the United States”.
At the end of March, Scor claims a net book value per share of 33.89 euros, as well as an estimated solvency ratio of 240%, above the optimal solvency range of 185-220% defined in its strategic plan ‘ Quantum Leap’.