PARIS (Reuters) – Scor progressed on Wednesday morning on the Paris Stock Exchange after the publication of its annual objectives, the reinsurer having indicated that it was aiming for growth in its economic value and the maintenance of a solvency ratio at the top of the optimal range. .
Around 08:00 GMT, the action took 3.47% against a gain of 0.35% for the CAC 40, which recorded a new historic high at 7,418.56 points in session.
Scor, which has adopted the IFRS 17 accounting standard, says in a press release that it aims for a growth rate of its economic value between December 31, 2022 and December 31, 2023, of 700 basis points above the risk-free rate within the framework economic assumptions of constant interest rates and exchange rates.
The solvency ratio is expected in the optimal range of 185% to 220%.
The group will present its first quarter results under IFRS on May 12.
(Written by Claude Chendjou, edited by Kate Entringer)
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