NU Online News Service, Nov. 4, 4:02 p.m. EST
SCOR reported third quarter net income of EUR94 million ($139.9 million at current exchange rate), a 147 percent increase over net income of EUR38 million ($56.6 million) for the period last year.
The French reinsurer said it is benefiting from an investment portfolio mainly oriented toward government bonds and investment grade corporate bonds.
Gross written premiums for the company climbed to EUR1.62 billion ($2.4 billion) in the quarter from 2008 third-quarter gross written premiums of EUR1.57 billion ($2.3 billion). But non-life gross written premiums dipped to EUR831 million ($1.2 billion) from EUR884 million ($1.3 billion) a year ago.
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