Scor shares trend ahead of peers since Q1 consensus beat
By Carlos Pallordet
May 19 - (The Insurer) - Scor is the only one among the four major European reinsurers to have experienced an increase in its share price since announcing first-quarter results this month.
As of the close of trading on Friday, May 16, shares in the French reinsurer were up by 7.1% compared to its closing price prior to its results announcement on May 7.
In contrast, Munich Re’s shares have decreased by 2.3% since its quarterly results were published on May 13. Shares in Hannover Re and Swiss Re have also declined slightly since the carriers' results announcements.
Despite this short-term variation, all four continental reinsurers have enjoyed substantial year-to-date share price increases.
Scor leads these gains with a 20.5% increase since the last trading day of 2024. Munich Re follows with a 16.4% rise, while Hannover Re has increased by 15.1%. Swiss Re's shares have advanced by 13.1% over the same period.
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