SCOR SE posted a net income of 162 million euros in the fourth quarter - a significant improvement compared to a loss of 356 million euros in the previous year. The profit per share was 0.91 euros, in stark contrast to a loss of 1.99 euros last year. After removing the mark to market impact of the option on own shares, the net income for the quarter totals 179 million euros.
However, insurance revenue marked a 2.0% decrease from the same period last year, with total earnings of 3.83 billion euros. Despite this decline, gross written premiums rose modestly by 0.5% to 4.93 billion euros.
Looking forward to 2023, SCOR SE's Board proposed a regular dividend of 1.8 euros per share.
