Economic value added

Hardman & Co Research on Chesnara plc (CSN): Nice little acquisition

Retrieved on: 
Saturday, May 27, 2023
Economic value added, Value, Acquisition, Solvency

Chesnara has announced its first acquisition of 2023.

Key Points: 
  • Chesnara has announced its first acquisition of 2023.
  • It is buying the onshore protection business from Canada Life’s UK business.
  • Chesnara is paying £9m for the policies, and expects the Economic Value to be £16m – so this is a bit smaller than some of its more recent deals.
  • This benefit is relatively front-end-loaded; so there will be a smaller cashflow benefit beyond the five years.

2023 targets and financial assumptions under IFRS 17 - SCOR targets Economic Value growth as its financial priority

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Wednesday, April 12, 2023
SCOR, Uncertainty, Insurance, Interim, Economic value added, Value, Williams v Natural Life Health Foods Ltd, Life, Policy, Annual, P&C, L&H, Equity, EUR, Outline, COVID-19, Risk-adjusted return on capital, CSM, Growth, Remuneration, Telescopic sight, Rare-earth element, Reinsurance, Cryptocurrency, Lithium, Renewable energy, Risk management, Holding company, Management

SCOR will present its 2023 Q1 results under IFRS 17 on May 12, 2023.

Key Points: 
  • SCOR will present its 2023 Q1 results under IFRS 17 on May 12, 2023.
  • The outline of the new strategic plan under IFRS 17 will be presented at the Annual General Meeting on May 25, 2023.
  • As of Q1 2023, the Group will publish its financial results under the new IFRS 17 accounting standard.
  • Economic Value as of December 31, 20224
    Under IFRS 17, the Group’s Economic Value as of December 31, 2022, is estimated at EUR 8.7 billion5.

2022 Annual Results: SCOR ends 2022 with a net income of EUR 208 million in Q4 and proposes a dividend of EUR 1.40 per share

Retrieved on: 
Thursday, March 2, 2023
P&C, OCI, Property, Solvency, National Organization of Life and Health Insurance Guaranty Associations, CPP Investment Board, Annual, EUR, Economic value added, Policy, CSM, DTA Combo, SCOR, Weather, L&H, Roe, Annual general meeting, Outline, Environment, Flood, Life, Growth, Value, Film industry, Lithium, Insurance, Video game, Rare-earth element, Reinsurance, Cryptocurrency, COVID-19

SCOR ends 2022 with an accounting loss of EUR 301 million, which has been significantly reduced by the strong results in the fourth quarter.

Key Points: 
  • SCOR ends 2022 with an accounting loss of EUR 301 million, which has been significantly reduced by the strong results in the fourth quarter.
  • In Q4 2022, the Group generates a net income of EUR 208 million (equivalent to an annualized RoE of 16.8%), with each of the three business units delivering a positive result.
  • This net loss is reduced compared to Q3 2022 thanks to the Group’s strong performance and net income of EUR 208 million in Q4 2022.
  • SCOR therefore proposes a dividend of EUR 1.40 per share for the fiscal year 2022.