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SCOR Says Profit Increased 24%

SCOR reported net income rose EUR44 million (U.S. $65 million at the current exchange rate) to EUR225 million ($331 million). The results were on gross written premium of EUR2.75 billion ($4.04 billion) an

By Staff Writer | Updated on August 27, 2008

Paris-based insurer SCOR reported net income for the first six months of the year increased 24 percent despite investment and insurance market challenges.

SCOR reported net income rose EUR44 million (U.S. $65 million at the current exchange rate) to EUR225 million ($331 million). The results were on gross written premium of EUR2.75 billion ($4.04 billion) an increase of EUR624 million ($918 million) from a year ago.

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