Press release
20 March 2024 - N 04
SCOR announces the publication
of its 2023 Universal Registration Document
SCOR's 2023 Universal Registration Document ("Document d'enregistrement
universel") established in ESEF format (European Single Electronic Format) was
filed with the French financial market authority, the Autorité des marchés
financiers (AMF), on March 20, 2024, under number D.24-0142.
This document is available on SCOR's website www.scor.com (http://www.scor.com)
and the AMF website www.amf-france.org (https://www.amf-france.org/). Hard
copies of the document are also available at SCOR's headquarters, located at the
following address:
5 avenue Kléber
75795 Paris Cedex 16
The Universal Registration Document includes the following information:
* the 2023 annual financial report;
* the report of the board of directors on corporate governance; and
* the description of the share buyback program.
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SCOR, a leading global reinsurer |
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As a leading global reinsurer, SCOR|
offers its clients a diversified and|
innovative range of reinsurance and|
insurance solutions and services to|Media Relations
control and manage risk. Applying "The|Alexandre Garcia
Art & Science of Risk", SCOR uses its|media@scor.com
industry-recognized expertise and|(mailto:media@scor.com)
cutting-edge financial solutions to|
serve its clients and contribute to the|
welfare and resilience of society. |
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|Investor Relations
The Group generated premiums of EUR|Thomas Fossard
19.4 billion in 2023 and serves clients|tfossard@scor.com
in around 160 countries from its 35 |(mailto:tfossard@scor.com)
offices worldwide. |
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For more information, visit:|
www.scor.com (http://www.scor.com/en/) |Follow us on LinkedIn
|(https://www.linkedin.com/company/sco
|r/)
All content published by the SCOR group since January 1, 2024, is certified
with Wiztrust. You can check the authenticity of this content at wiztrust.com
(https://protect.wiztrust.com/en).
General
The 2022 universal registration document filed on March 20, 2024, under number
D.24-0142 with the French Autorité des marchés financiers (AMF) ("Universal
registration document") is posted on SCOR's website www.scor.com
(http://www.scor.com).
Numbers presented throughout this Universal registration document may not add up
precisely to the totals in the tables and text. Percentages and percent changes
are calculated on complete figures (including decimals); therefore, the
Universal registration document might contain immaterial differences in sums and
percentages due to rounding. Unless otherwise specified, the sources for the
business ranking and market positions are internal.
Forward-looking statements
This Universal registration document includes forward-looking statements,
assumptions, and information about SCOR's financial condition, results,
business, strategy, plans and objectives, including in relation to SCOR's
current or future projects.
These statements are sometimes identified by the use of the future tense or
conditional mode, or terms such as "estimate", "believe", "anticipate",
"expect", "have the objective", "intend to", "plan", "result in", "should", and
other similar expressions.
It should be noted that the achievement of these objectives, forward-looking
statements, assumptions and information is dependent on circumstances and facts
that arise in the future.
No guarantee can be given regarding the achievement of these forward-looking
statements, assumptions and information. These forward-looking statements,
assumptions and information are not guarantees of future performance. Forward-
looking statements, assumptions and information (including on objectives) may be
impacted by known or unknown risks, identified or unidentified uncertainties and
other factors that may significantly alter the future results, performance and
accomplishments planned or expected by SCOR.
In particular, it should be noted that the full impact of the inflation and
geopolitical risks including but not limited to the Russian invasion and war in
Ukraine on SCOR's business and results cannot be accurately assessed.
Therefore, any assessments, any assumptions and, more generally, any figures
presented in this Universal registration document will necessarily be estimates
based on evolving analyses, and encompass a wide range of theoretical
hypotheses, which are highly evolutive.
These points of attention on forward-looking statements are all the more
essential that the adoption of IFRS 17, which is a new accounting standard,
results in significant accounting changes for SCOR.
The Universal registration document includes information regarding risks and
uncertainties that may affect SCOR's business.
In addition, such forward-looking statements, assumptions and information are
not "profit forecasts" within the meaning of Article 1 of Commission Delegated
Regulation (EU) 2019/980.
SCOR has no intention and does not undertake to complete, update, revise or
change these forward-looking statements, assumptions and information, whether as
a result of new information, future events or otherwise.
Financial information
The Group's financial information contained in this Universal registration
document is prepared on the basis of IFRS and interpretations issued and
approved by the European Union.
Unless otherwise specified, prior-year balance sheet, income statement items and
ratios have not been reclassified.
The calculation of financial ratios (such as economic value per share, return on
invested assets, regular income yield, management expenses ratio, return on
equity and combined ratio) is detailed in the Universal registration document,
notably in section 1.3.9.
The financial results for the full year 2023 included in this Universal
registration document have been audited by SCOR's statutory auditors.
Unless otherwise specified, all figures are presented in Euros. All figures are
at constant exchange rates as of December 31, 2023 unless otherwise specified.
Any figures for a period subsequent to December 31, 2023 should not be taken as
a forecast of the expected financials for these periods.
The solvency ratio is not audited by the Company's statutory auditors. The Group
solvency final results are to be filed to supervisory authorities by April 2024
and may differ from the estimates expressed or implied in this report.
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