|
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 |
|
Net earnings / (loss) |
€208 million |
€118 million |
€(301 million) |
€456 million |
Of the GWP within the full 12 months ended December 31, 2022, €10 billion got here from property & casualty (P&C) and €9.7 billion from life & well being (L&H).
Meanwhile, explaining the group web loss for 2022, SCOR famous: “It displays the mixed influence of [natural catastrophe] claims and drought claims in Brazil (€-204 million) and the non-recognition of DTAs (€-164 million complete annual quantity), whereas the influence of the P&C reserve enhance is broadly offset by the discharge of L&H extra margins in Q3 2022.
“This net loss is reduced compared to Q3 2022 thanks to the group’s strong performance and net income of €208 million in Q4 2022.”
Commenting on the numbers, Kessler stated a sustainable return to profitability is crucial.
He added: “A brand new, extremely skilled chief govt officer, Mr Thierry Léger, will be a part of the group on May 1, 2023. He will current the broad outlines of his strategic plan on the annual basic assembly on May 25, 2023, and can implement it directly and with nice dedication after presenting it to the traders in September 2023.
“This will enable the group to take full advantage of its global underwriting platform and technical expertise to seize the opportunities available in the L&H and P&C reinsurance markets, building on its status as a Tier 1 reinsurer. The board of directors is confident in the group’s ability to return to growth, restore profitability, and reinforce its solvency.”
Meanwhile, regardless of the 2022 accounting loss, SCOR is proposing a dividend of €1.40 per share for the fiscal 12 months.