SCOR Reports Net Income Increased 123% In 3Q

The third-quarter results showed net income increased EUR65 million (U.S. $95 million at the current exchange rate), from EUR53 million ($79 million), or EUR0.57 (84 cents) a share, to EUR118 million ($173 mi

By Mark E. Ruquet | Updated on November 14, 2007

French insurer SCOR reported net income increased 123 percent in the third quarter of this year primarily because of several acquisitions, including Converium Holding Ltd.

The third-quarter results showed net income increased EUR65 million (U.S. $95 million at the current exchange rate), from EUR53 million ($79 million), or EUR0.57 (84 cents) a share, to EUR118 million ($173 million), or EUR0.74 ($1.10) a share.

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