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)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.