UBS confirms its buy recommendation on the stock, with an unchanged price target of E36.4.

The analyst highlights the fall in EPS and solvency compared with expectations in Q3 2023.

' Weaker solvency without raising forecasts, coupled with missed EPS in the quarter' says UBS.

Reinsurer Scor has reported net income of 147 million euros for Q3 2023, compared with a loss of 752 million a year earlier, giving an annualized return on equity (RoE) of 13.7% (12.5% adjusted).

The quarter was marked by strong claims activity weighing on property and casualty (re)insurance (P&C), a division which the Group believes posted a mixed performance.

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