SCOR SE (SCOR SE) Claims Ratio % : 0.00% (As of . 20)

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What is SCOR SE Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

SCOR SE's Claims Ratio % for the annual that ended in Dec. 2022 was 84.10% , which is higher than 72.00% for the pervious year ended in Dec. 2021.

The historical rank and industry rank for SCOR SE's Claims Ratio % or its related term are showing as below:

SCRYY's Claims Ratio % is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

SCOR SE Claims Ratio % Historical Data

The historical data trend for SCOR SE's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SCOR SE Claims Ratio % Chart

SCOR SE Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Claims Ratio %

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Expense Ratio %

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Combined Ratio %

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Competitive Comparison of SCOR SE's Claims Ratio %

For the Insurance - Reinsurance subindustry, SCOR SE's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SCOR SE (OTCPK:SCRYY) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %

Total Claims

Total Premiums Earned

100%

SCOR SE (OTCPK:SCRYY) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

SCOR SE Claims Ratio % Related Terms

Thank you for viewing the detailed overview of SCOR SE's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.

SCOR SE (SCOR SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SCOR SE (OTCPK:SCRYY) » Definitions » Claims Ratio %

Comparable Companies

Traded in Other Exchanges

SCRp:UK 0IT3:UK SCR:France SDRB:Germany SCR:Switzerland

Address

5, avenue Kleber, Paris, FRA, 75116

Website

https://www.scor.com

Scor is the world's fifth-largest reinsurer selling non-life and life reinsurance. Scor global life insurers life insurance and annuities. In its co-insurance agreements Scor shares in premiums and claims of life insurance contracts that have been sold by a primary insurer. In its excess of loss agreements, Scor reimburses a primary insurer for claims that are filed above an agreed amount. Scor also sells property and casualty reinsurance in co-insurance and excess of loss. Historically Scor has been better in specialist lines and not as good in lines where there is a large potential for loss. Having recently grown in natural catastrophe book, standards of underwriting have not been good. The business has subsequently decided to move back to its historical roots.

SCOR SE (SCOR SE) Headlines

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