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Scor profits as top line expands
3 May 2012
Scor has reported net income of EUR104mn for the first quarter, up 50 percent on a like-for-like basis, as it bulked up on both the life and P&C sides of its businesses.
Its P&C division lifted its gross premiums 21 percent (17 percent at constant exchange rates) to EUR1.15bn, reflecting the impact of higher writings in April and July last year. Its growth target for this year remains at 9 percent.
The quality of renewals at the first two key...
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