SCOR : Oddo BHF remains positive after quarterly results
Although first-quarter net income came in below consensus, it was slightly above the research firm's forecast, the latter pointing out that the Group benefited from an improvement in its underlying property-casualty profitability.
It seems too early to deduce from the first quarter alone a structural deterioration in life reinsurance profitability, bearing in mind that if this were to be the case, the Group would then take clear action to restore profitability", it adds.
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