Nov 9 (Reuters) - Scor SE:
* FIRST NINE MONTHS 2022 RESULTS
* ESTIMATED SOLVENCY RATIO OF 217% AT THE END OF SEPTEMBER 2022, AT THE HIGH END OF SCOR’S OPTIMAL RANGE
* GROSS WRITTEN PREMIUMS OF EUR 14,827 MILLION IN THE FIRST NINE MONTHS OF 2022, UP 6.2% COMPARED WITH 9M 2021
* NET LOSS OF EUR -509 MILLION IN THE FIRST NINE MONTHS OF 2022, COMPARED WITH EUR 339 MILLION NET INCOME IN 9M 2021
* SHAREHOLDERS’ EQUITY OF EUR 5,430 MILLION AT THE END OF SEPTEMBER 2022, IMPLYING A BOOK VALUE PER SHARE OF EUR 30.39, DOWN -13.8% FROM DECEMBER 2021 (EUR 35.26)
* AIMS TO DELIVER EUR 125 MILLION YEARLY EFFICIENCY GAINS BY 2025
* WILL COMPLETE ITS IFRS 17-BASED ECONOMIC PERFORMANCE FRAMEWORK IN 2023
* THE QUARTER HAS BEEN DIFFICULT, AND THE RESULTS ARE SIGNIFICANTLY BELOW THE GROUP’S EXPECTATIONS - CEO
* OUR SHORT-TERM PRIORITY IS THE RESTORATION OF OUR FINANCIAL PERFORMANCE - CEO
* THE INCREASING DEMAND FOR LIFE REINSURANCE PRODUCTS AND THE INCREASE IN INTEREST RATES ARE DRIVERS THAT SHOULD FAVOR POSITIVE DEVELOPMENTS FOR REINSURERS - CEO
* GROUP’S TOTAL LIQUIDITY IS STRONG, STANDING AT EUR 2.3 BILLION AS AT SEPTEMBER 30, 2022 Source text: https://bit.ly/3WQiMvh Further company coverage: (Gdansk Newsroom)