26-10-2017 11:00 via insuranceinsider.com

Scor falls to EUR364mn Q3 operating loss

Scor reported a group operating loss of EUR364mn ($429mn) for
the third quarter, as EUR598mn of pre-tax net Q3 catastrophe losses
pushed the reinsurer into the red.
The figures account for hurricanes Harvey, Irma and Maria and
earthquakes in Mexico. The post-tax net loss number from the
catastrophes is EUR430mn, as previously announced.
The group operating loss was worse than the analyst consensus,
which was for an operating loss of EUR224mn.
Baader Helvea analyst Daniel Bischof said in a note..
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