Scor unveils new plan for 2010-2013
Strong Momentum ". This is the name of the new strategic plan for Scor, for the period 2010-2013. France's first reinsurer, and fifth worldwide, plans to increase its organic growth of around 5% per year, and considers both profitability and solvency strengthened, while creating value for its shareholders.
One of his goals is to optimize its risk profile and win a "financial security level AA", details the statement. During his previous plan (2007-2010), marking the group went from A-to A: its capital have in fact increased from 3.6 to 4.2 billion euros and its debt ratio declined of 18-11%, says the company.To recall, late August, the rating agency Fitch raised the prospect of the note A SCOR from "stable" from "positive".
Now, SCOR intends to continue its model of balanced development between the activities of life reinsurance and non-life reinsurance (that is to say everything that is not life insurance), expand its customer base and improve its relations long-term customer payday loan.
In late July, Scor said in a statement that an increase of 31% of its net profit in the second quarter to 120 million euros, an increase due to better performance of its financial investments and improved margins in reinsurance life.The French reinsurer said the second quarter also benefited from a good campaign for renewal bills maturing in late June, marked by an increase of 18%.
SCOR in the world
In Green's position in the reinsurance SCOR vie.En blue, the position of Scor in non-life reinsurance.
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