Scor Global P&C books 104% combined ratio after cats, Ukraine reserves
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Scor Global P&C books 104% combined ratio after cats, Ukraine reserves

Catrin Shi
06 May 2022
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Scor swung to a group net operating loss of EUR48mn ($50mn) for Q1 following a heavy cat burden and EUR85mn of reserves taken for Ukraine losses in P&C, and high US Covid-19 claims in its life and health division.

This compared with an operating profit of EUR102mn in Q1 last year. The company had previously warned it would provide a group loss for Q1 due to a charge in the high-double-digit million-euro range for claims from the Ukraine...

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Catrin Shi
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