Scor Global P&C Q1 profit down 10% with 97.1% CoR after winter storms
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Scor Global P&C Q1 profit down 10% with 97.1% CoR after winter storms

Rachel Dalton
28 April 2021
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Scor has reported Global P&C profit for Q1 of EUR151mn ($182mn), down 9.6% year on year, after winter storms and deterioration on 2020 hurricanes added 12.6 points to the unit’s combined ratio.

Consensus: The carrier booked earnings per share (EPS) of EUR0.24, beating an S&P consensus of -EUR0.06. Jefferies analyst Philip Kett noted that the carrier’s P&C premiums missed consensus by 6.7%,

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Rachel Dalton
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