|
Metric
|
This autumn 2022
|
This autumn 2021
|
FY2022
|
FY2021
|
|---|---|---|---|---|
|
Gross written premium (GWP)
|
€4.9 billion
|
€4.6 billion
|
€19.7 billion
|
€17.6 billion
|
|
Internet revenue / (loss)
|
€208 million
|
€118 million
|
€(301 million)
|
€456 million
|
Of the GWP within the full yr ended December 31, 2022, €10 billion got here from property & casualty (P&C) and €9.7 billion from life & well being (L&H).
In the meantime, explaining the group internet loss for 2022, SCOR famous: “It displays the mixed affect of [natural catastrophe] claims and drought claims in Brazil (€-204 million) and the non-recognition of DTAs (€-164 million whole annual quantity), whereas the affect of the P&C reserve enhance is broadly offset by the discharge of L&H extra margins in Q3 2022.
“This internet loss is diminished in comparison with Q3 2022 due to the group’s robust efficiency and internet revenue of €208 million in This autumn 2022.”
Commenting on the numbers, Kessler mentioned a sustainable return to profitability is crucial.
He added: “A brand new, extremely skilled chief government officer, Mr Thierry Léger, will be part of the group on Might 1, 2023. He’ll current the broad outlines of his strategic plan on the annual common assembly on Might 25, 2023, and can implement it directly and with nice dedication after presenting it to the traders in September 2023.
“This may allow the group to take full benefit of its international underwriting platform and technical experience to grab the alternatives out there within the L&H and P&C reinsurance markets, constructing on its standing as a Tier 1 reinsurer. The board of administrators is assured within the group’s skill to return to progress, restore profitability, and reinforce its solvency.”
In the meantime, regardless of the 2022 accounting loss, SCOR is proposing a dividend of €1.40 per share for the fiscal yr.
