- Scor’s Q4 net income reached €233 million, surpassing the estimated €186.2 million.
- The company’s solvency ratio stands strong at 210%.
- Insurance revenue for the quarter was slightly below expectations at €3.98 billion, with an estimate of €3.99 billion.
- Gross written premiums in Q4 totaled €5.05 billion, just under the expected €5.07 billion.
- The insurance service result for the quarter was recorded at €357 million.
- Annualized return on equity (ROE) for the quarter is reported at an impressive +22.8%.
- For the full year 2024, insurance revenue was €16.13 billion, slightly less than the estimated €16.32 billion.
- Gross written premiums for 2024 reached €20.06 billion, falling short of the €20.28 billion estimate.
- The property and casualty (P&C) combined ratio for the year is 86.3%, better than the anticipated 87%.
- Annualized ROE for the year stands at +0.1%, reflecting a modest gain.
- Analyst recommendations show 13 buy ratings, 6 holds, and no sell recommendations.
A look at SCOR SE Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SCOR SE, a reinsurance company offering a range of services worldwide, has received a mixed outlook according to the Smartkarma Smart Scores. With a high dividend score of 5, SCOR SE appears to be a solid choice for income-seeking investors looking for consistent payouts. Additionally, the strong value score of 4 suggests that the company may be undervalued relative to its peers, potentially offering a good entry point for value investors.
However, SCOR SE‘s growth score of 2 reflects a more moderate outlook for the company’s expansion prospects. Coupled with resilience and momentum scores of 3 each, investors may want to weigh the company’s stable performance and current market sentiment when considering its long-term prospects. Overall, SCOR SE‘s diverse range of reinsurance offerings and global presence position it as a key player in the industry, albeit with varying strengths across different financial metrics.
Summary of SCOR SE: SCOR SE provides life, accident, property/casualty, health, and special needs reinsurance services globally through subsidiaries in Europe, the Americas, Asia, and Africa. The company also engages in real estate investments as part of its business portfolio.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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