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.
The results were on gross written premium of EUR1.26 billion ($1.85 billion) in the quarter, up 75 percent, or EUR538 million ($789 million), from EUR719 million ($1.06 billion) for the same period last year.
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