0753 GMT - Scor's investor day, which could have been a positive catalyst, seem a bit underwhelming at first glance, Keefe, Bruyette & Woods write in a research note. The French insurer backed most of its mid-term targets except the life and health insurance service result, which it lowered. It also said it expects to achieve its 150 million euros cost-savings target a year earlier or in 2025. "We are yet to see the presentation, but in the press release, management is talking about third parties (Milliman and Towers Watson) confirming P&C and L&H reserves adequacy. This is helpful," analyst Darius Satkauskas writes. Shares last closed at 24 euros and are down 9% year to date. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
December 12, 2024 02:53 ET (07:53 GMT)
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