Cash flow Scor SE

Equities

SCR

FR0010411983

Reinsurance

Real-time Euronext Paris Other stock markets 11:29:56 2024-09-19 am EDT			5-day change	1st Jan Change
19.65 ^EUR	+1.24%		+2.18%	-25.74%

Sep. 10	Scor : shares soar, new talks with Covéa?	CF
Sep. 10	Takeover rumors boost Scor shares	RE

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Published financial data: SCOR SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	15.9B	16.32B	17.01B	19.08B	15.92B
Total Interest And Dividend Income	611M	494M	431M	648M	490M
Gain (Loss) on Sale of Investments, Total (Rev)	71M	175M	257M	-36M	-27M
Other Revenues, Total	-31M	-17M	-16M	-48M	-120M
Total Revenues	16.55B	16.97B	17.68B	19.64B	16.26B
Policy Benefits	11.79B	12.49B	14.66B	16.34B	14.45B
Policy Acquisition / Underwriting Costs, Total	3.43B	3.39B	3.87B	3.95B	-
Other Operating Expenses	290M	288M	200M	291M	453M
Reinsurance Income Or Expense	-327M	-318M	1.86B	912M	-
Total Operating Expenses	15.84B	16.49B	16.88B	19.67B	14.9B
Operating Income	704M	486M	804M	-27M	1.36B
Interest Expense, Total	-110M	-113M	-112M	-114M	-116M
Income (Loss) on Equity Invest.	-1M	-1M	-5M	-6M	-5M
Currency Exchange Gains (Loss)	3M	-13M	-8M	28M	-
Other Non Operating Income (Expenses)	-39M	-31M	-16M	3M	10M
EBT, Excl. Unusual Items	557M	328M	663M	-116M	1.25B
Total Merger & Related Restructuring Charges	-	-	-	-	-
Insurance Settlements	12M	8M	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	569M	336M	663M	-116M	1.25B
Income Tax Expense	147M	106M	207M	186M	444M
Earnings From Continuing Operations	422M	230M	456M	-302M	810M
Net Income to Company	422M	230M	456M	-302M	810M
Minority Interest	-	4M	-	1M	2M
Net Income - (IS)	422M	234M	456M	-301M	812M
Net Income to Common Incl Extra Items	422M	234M	456M	-301M	812M
Net Income to Common Excl. Extra Items	422M	234M	456M	-301M	812M
Per Share Items
Net EPS - Basic	2.27	1.26	2.46	-1.69	4.54
Basic EPS - Continuing Operations	2.27	1.26	2.46	-1.69	4.54
Basic Weighted Average Shares Outstanding	186M	186M	185M	178M	179M
Net EPS - Diluted	2.25	1.25	2.45	-1.69	4.45
Diluted EPS - Continuing Operations	2.25	1.25	2.45	-1.69	4.45
Diluted Weighted Average Shares Outstanding	188M	188M	186M	178M	183M
Normalized Basic EPS	1.87	1.12	2.24	-0.4	4.39
Normalized Diluted EPS	1.86	1.11	2.22	-0.4	4.3
Dividend Per Share	-	1.8	1.8	1.4	1.8
Payout Ratio	77.01	-	73.46	-106.64	30.91
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	757M	556M	879M	26M	1.43B
EBITA	712M	515M	835M	11M	1.42B
EBIT	704M	486M	804M	-27M	1.36B
EBITDAR	753M	553M	877M	22M	1.43B
Total Revenues (As Reported)	16.62B	17.04B	17.76B	19.73B	-
Effective Tax Rate - (Ratio)	25.83	31.55	31.22	-160.34	35.41
Total Current Taxes	161M	180M	299M	128M	166M
Total Deferred Taxes	-14M	-74M	-92M	58M	278M
Normalized Net Income	348M	209M	414M	-71.5M	786M
Interest on Long-Term Debt	104M	111M	111M	114M	116M
Non-Cash Pension Expense	6M	3M	3M	1M	4M
Supplemental Operating Expense Items
Net Rental Expense, Total	-4M	-3M	-2M	-4M	-5M
Imputed Operating Lease Interest Expense	-1.2M	-869K	-557K	-1.12M	-1.42M
Imputed Operating Lease Depreciation	-2.8M	-2.13M	-1.44M	-2.88M	-3.58M
Stock-Based Comp., Other (Total)	32M	32M	36M	21M	25M
Total Stock-Based Compensation	32M	32M	36M	21M	25M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Investment In Debt Securities	18.11B	17.47B	19.16B	20.44B	21.16B
Investment In Equity and Preferred Securities, Total	614M	667M	850M	176M	147M
Trading Asset Securities, Total	1.35B	1.63B	180M	1.27B	1.45B
Real Estate Owned	661M	603M	629M	700M	684M
Total Other Investments	248M	302M	232M	-	-
Total investments	20.98B	20.67B	21.05B	22.59B	23.44B
Cash And Equivalents	1.44B	1.8B	2.08B	1.83B	1.85B
Reinsurance Recoverable - (IS)	2.58B	2.07B	4.59B	6.29B	3.83B
Other Receivables - (Insurance Template)	7.89B	8.01B	9.33B	9.4B	2.79B
Deferred Policy Acquisition Costs - (BS)	1.6B	1.46B	1.49B	1.8B	-
Gross Property Plant And Equipment	1.13B	1.15B	1.17B	1.19B	1.19B
Accumulated Depreciation	-311M	-245M	-293M	-332M	-362M
Net Property Plant And Equipment	819M	908M	881M	855M	830M
Goodwill	870M	882M	882M	882M	882M
Other Intangibles, Total	398M	457M	506M	540M	504M
Other Current Assets, Total	8.28B	8.12B	8.9B	8.86B	176M
Deferred Tax Assets Long-Term (Collected)	532M	562M	716M	895M	914M
Other Long-Term Assets, Total	1.5B	1.28B	1.08B	1.39B	251M
Total Assets	46.88B	46.22B	51.52B	55.33B	35.48B
Liabilities
Insurance And Annuity Liabilities	8.79B	7.7B	8.15B	7.97B	21.72B
Unpaid Claims	19.87B	20.16B	24.31B	27.74B	-
Unearned Premiums	3.16B	3B	3.75B	4.55B	-
Reinsurance Payable - (BS)	1.43B	1.23B	2.35B	2.71B	2.22B
Current Portion of Long-Term Debt	2M	2M	1M	-	-
Current Portion of Leases	21M	25M	24M	25M	27M
Long-Term Debt	2.93B	3.03B	3.06B	3.13B	3.09B
Long-Term Leases	76M	156M	146M	135M	125M
Current Income Taxes Payable	90M	135M	78M	154M	175M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	27M	83M	80M	39M	54M
Pension & Other Post Retirement Benefits	-	-	-	121M	82M
Deferred Tax Liability Non-Current	270M	260M	242M	248M	400M
Other Non Current Liabilities	3.83B	4.25B	2.93B	1.25B	710M
Total Liabilities	40.5B	40.04B	45.12B	48.08B	28.6B
Common Stock, Total	1.47B	1.47B	1.47B	1.42B	1.42B
Additional Paid In Capital	624M	609M	609M	463M	464M
Retained Earnings	422M	234M	456M	-301M	812M
Treasury Stock	-54M	-43M	-196M	-56M	-61M
Comprehensive Income and Other	3.88B	3.88B	4.04B	3.58B	2.06B
Total Common Equity	6.35B	6.16B	6.38B	5.1B	4.69B
Minority Interest	26M	22M	17M	2.16B	2.18B
Total Equity	6.37B	6.18B	6.4B	7.26B	6.87B
Total Liabilities And Equity	46.88B	46.22B	51.52B	55.33B	35.48B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	186M	186M	181M	179M	179M
ECS Total Common Shares Outstanding	186M	186M	181M	179M	179M
Book Value / Share	34.06	33.01	35.26	28.47	26.16
Tangible Book Value	5.08B	4.82B	5B	3.68B	3.31B
Tangible Book Value Per Share	27.26	25.83	27.59	20.53	18.43
Total Debt	3.03B	3.21B	3.23B	3.29B	3.24B
Net Debt	1.59B	1.41B	1.14B	1.46B	1.39B
Debt Equivalent of Unfunded Proj. Benefit Obligation	237M	194M	134M	91M	51M
Debt Equivalent Oper. Leases	-32M	-24M	-16M	-32M	-40M
Minority Interest, Total (Incl. Fin. Div)	26M	22M	17M	2.16B	2.18B
Equity Method Investments, Total	13M	13M	7M	9M	4M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	2.85K	2.94K	3.59K	3.52K	3.49K
Part Time Employees	182	178	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	422M	234M	456M	-301M	812M
Depreciation, Depletion & Amortization	75M	68M	73M	45M	39M
Amortization of Goodwill and Intangible Assets - (CF)	8M	29M	31M	38M	53M
Total Depreciation, Depletion & Amortization	83M	97M	104M	83M	92M
(Gain) Loss on Sale of Investments - (CF)	-196M	-19M	-348M	-63M	9M
Amort. Of Deferred Policy Acq. Costs - (CF)	64M	57M	320M	52M	-
Change in Accounts Receivable	-171M	-730M	-1.64B	-57M	-565M
Change In Income Taxes	63M	43M	-114M	46M	37M
Change in Other Net Operating Assets (Collected)	7M	32M	57M	49M	116M
Other Operating Activities	569M	1.27B	3.57B	691M	979M
Cash from Operations	841M	988M	2.41B	500M	1.48B
Capital Expenditure	-130M	-135M	-87M	-70M	-33M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-11M	-2M	-8M	-	-8M
Divestitures	-	-	-	-8M	-
Sale (Purchase) of Real Estate Properties (Collected)	60M	86M	-40M	-44M	-41M
Investment in Marketable and Equity Securities, Total	-138M	-413M	-1.41B	-147M	-873M
Other Investing Activities, Total	-	-	-	-	1M
Cash from Investing	-219M	-464M	-1.54B	-269M	-954M
Long-Term Debt Issued, Total	150M	335M	79M	156M	33M
Total Debt Issued	150M	335M	79M	156M	33M
Long-Term Debt Repaid, Total	-99M	-208M	-121M	-164M	-78M
Total Debt Repaid	-99M	-208M	-121M	-164M	-78M
Issuance of Common Stock	10M	3M	7M	6M	10M
Repurchase of Common Stock	-1M	-43M	-205M	-118M	-30M
Common Dividends Paid	-325M	-	-335M	-321M	-251M
Common & Preferred Stock Dividends Paid	-325M	-	-335M	-321M	-251M
Other Financing Activities, Total	-108M	-128M	-99M	-126M	-112M
Cash from Financing	-373M	-41M	-674M	-567M	-428M
Foreign Exchange Rate Adjustments	11M	-114M	92M	83M	-73M
Net Change in Cash	260M	369M	279M	-253M	25M
Supplemental Items
Cash Interest Paid	117M	115M	113M	103M	105M
Cash Income Tax Paid (Refund)	97M	137M	412M	83M	129M
Net Debt Issued / Repaid	51M	127M	-42M	-8M	-45M
Levered Free Cash Flow	845M	837M	3.91B	924M	925M
Unlevered Free Cash Flow	914M	908M	3.98B	995M	997M
Change In Net Working Capital	-425M	-553M	-3.1B	-926M	-60M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.96	0.65	1.03	-0.03	2.42
Return on Total Capital	4.87	3.23	5.28	-0.15	8.58
Return On Equity %	6.92	3.66	7.25	-3.9	12.14
Return on Common Equity	6.95	3.74	7.27	-5.23	18.02
Margin Analysis
Gross Profit Margin %	7.98	6.43	-4.82	-3.3	11.18
EBITDA Margin %	4.58	3.28	4.97	0.13	8.82
EBITA Margin %	4.3	3.03	4.72	0.06	8.72
EBIT Margin %	4.25	2.86	4.55	-0.14	8.39
Income From Continuing Operations Margin %	2.55	1.36	2.58	-1.54	4.98
Net Income Margin %	2.55	1.38	2.58	-1.53	4.99
Net Avail. For Common Margin %	2.55	1.38	2.58	-1.53	4.99
Normalized Net Income Margin	2.1	1.23	2.34	-0.36	4.83
Levered Free Cash Flow Margin	5.11	4.93	22.08	4.7	5.68
Unlevered Free Cash Flow Margin	5.52	5.35	22.48	5.07	6.13
Asset Turnover
Asset Turnover	0.36	0.36	0.36	0.37	0.46
Fixed Assets Turnover	21.53	19.66	19.77	22.63	19.31
Receivables Turnover (Average Receivables)	2.52	2.53	2.47	2.35	6.34
Short Term Liquidity
Current Ratio	0.85	0.84	0.78	0.79	4.08
Quick Ratio	0.4	0.42	0.33	0.36	2.46
Operating Cash Flow to Current Liabilities	0.03	0.04	0.08	0.01	0.6
Days Sales Outstanding (Average Receivables)	144.58	144.62	148	155.38	57.59
Average Days Payable Outstanding	500.32	491.99	473.08	513.64	50.72
Long Term Solvency
Total Debt/Equity	47.52	52	50.41	45.39	47.19
Total Debt / Total Capital	32.21	34.21	33.51	31.22	32.06
LT Debt/Equity	47.16	51.56	50.02	45.04	46.8
Long-Term Debt / Total Capital	31.97	33.92	33.25	30.98	31.79
Total Liabilities / Total Assets	86.4	86.63	87.57	86.89	80.62
EBIT / Interest Expense	6.4	4.3	7.18	-0.24	11.77
EBITDA / Interest Expense	7.15	5.16	8.11	0.49	12.56
(EBITDA - Capex) / Interest Expense	5.97	3.96	7.33	-0.12	12.28
Total Debt / EBITDA	3.85	5.51	3.55	58.8	2.23
Net Debt / EBITDA	2.03	2.42	1.26	26.12	0.95
Total Debt / (EBITDA - Capex)	4.61	7.17	3.93	-235.21	2.28
Net Debt / (EBITDA - Capex)