SCOR SE (SZCRF.PK), a reinsurance provider, Tuesday said it currently expects L&H insurance service result for the second quarter to be a loss of 0.4 billion euros, primarily driven by updates on reserves, and continued negative experience variance.
Consequently, the company now sees L&H insurance service result for the full year to be significantly less than 500 million euros expected earlier.
The Group Solvency II ratio is expected to be above 200 percent at the second quarter, while solvency ratio to be in the optimal range of 185 percent-220 percent at year-end 2024.
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