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News Article | April 25, 2017
Site: www.businesswire.com

NEW YORK--(BUSINESS WIRE)--#ESG--New report examines how investors integrate environmental, social and governance (ESG) factors into their portfolios finds that investors are leveraging a diverse set of integration strategies.


News Article | May 3, 2017
Site: www.greenbiz.com

Ideas on breaking through the morass of corporate ESG performance rankings to create a streamlined, constructive solution.


Availability or consultation of the information relating to the Ordinary General Meeting of shareholders dated 23 May 2017 The Ordinary General Meeting of shareholders will be held on 23 May 2017, at 4 p.m., at Paris Expo, Espace Grande Arche, la Grande Arche, 92044 Paris-La Défense (France). The notice of meeting and the convening notice relating to this Meeting were respectively published in the Bulletin des Annonces Légales et Obligatoires (BALO) on 20 March and 21 April 2017. These notices, the convening brochure as well as the documents and information mentioned in Article R. 225-73-1 of the French Commercial Code intended to be submitted to the Meeting are now or will made available to the shareholders on Societe Generale's website at the following address: http://www.societegenerale.com/en/about-us/governance/annual-general-meeting. The documents to be made available to the shareholders as part of this Meeting may be consulted, in accordance with the conditions provided by the regulations in force, at the administrative office, 17 cours Valmy 92972 Paris-La Défense (France). Societe Generale is one of the largest European financial services groups. Based on a diversified universal banking model, the Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship banking, recognised on its markets, close to clients, chosen for the quality and commitment of its teams. Societe Generale has been playing a vital role in the economy for 150 years. With more than 145,000 employees, based in 66 countries, we serve on a daily basis 31 million clients throughout the world. Societe Generale's teams offer advice and services to individual, corporate and institutional customers in three core businesses: Societe Generale is currently included in the main sustainability indices: DJSI (World and Europe), FSTE4Good (World and Europe), Euronext Vigeo (World, Europe and Eurozone), Ethibel Sustainability Index (ESI) Excellence Europe, 4 of the STOXX ESG Leaders Indices, MSCI Low Carbon Leaders Index. For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com


News Article | April 26, 2017
Site: www.businesswire.com

CHICAGO--(BUSINESS WIRE)--Online brokerage M1 Finance is pleased to announce it has teamed up with Nuveen to offer complete and diversified portfolios of its recently launched NuShares ETFs. Retail investors will now be able to invest in a curated socially responsible portfolio in one step. The new relationship combines the decades-long responsible investment expertise of Nuveen with M1’s easy to use, customizable, and automated brokerage platform. Commenting on the new offering, M1 Finance CEO Brian Barnes said, “M1 believes people should always have their money working for them in a way that aligns with their objectives and values. By teaming up in this way, the average investor can now easily invest with the comfort of knowing that Nuveen has been involved in helping to ethically screen their portfolio.” "M1 has built a powerful and intuitive platform, ideal for the next generation of retail investors, many of whom also want to align their individual values with the values of the companies they invest in," said Kevin DiSano, senior managing director and head of ETF Sales at Nuveen. "Combining M1 and our suite of ESG ETFs offers these investors a terrific solution." Inside the NuShares Responsible Investing Portfolio, investors can access pre-defined allocations of Nuveen’s NuShares environmental, social and governance (ESG) ETFs for large-, mid- and small-cap equities. These ETFs include: M1 Finance portfolios are easily customizable, whether investors solely invest in the NuShares Responsible Investing portfolio or include it alongside other portfolios, individual stocks, or ETFs. To learn more or to open an M1 brokerage account, go to www.m1finance.com/nuveen. M1 Finance is an automated investment platform for the engaged investor. Set up your portfolio today at www.m1finance.com. Securities and services are provided to clients of M1 by M1 Finance LLC, member FINRA/SIPC. Investments products: Are NOT FDIC Insured. Are NOT Bank Guaranteed. May Lose Value. Before investing, carefully consider fund investment objectives, risks, charges and expenses. For this and other information that should be read carefully, please request a prospectus or summary prospectus from your financial advisor or Nuveen at 800-257-8787 or visit www.nuveen.com. This document is not an offer to sell securities and is not soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted. Investing involves risk; principal loss is possible. There is no guarantee the Fund’s investment objectives will be achieved. These ETFs seek to generally track the investment results of an index; however the Funds may underperform, outperform or be more volatile than the referenced index. In addition, because the Index selects securities for inclusion based on environmental, social, and governance (ESG) criteria, the Funds may forgo some market opportunities available to funds that don’t use these criteria. The value of equity securities may decline significantly over short or extended periods of time. Growth stocks tend to be more volatile and can experience sharp price declines. Value stocks may not be fully recognized by the market and be undervalued. Depending on the capitalization and characteristics of the companies in the underlying securities, the Funds may underperform or be subject to increased volatility. These and other risk considerations are described in detail in the Fund’s prospectus. Shares of ETFs are bought and sold at market price as opposed to net asset value. As a result, an investor may pay more than net asset value when buying and receive less than net asset value when selling. In addition, brokerage commissions will reduce returns. Fund shares are not individually redeemable directly with the Fund, but blocks of shares may be acquired from the Fund and tendered for redemption to the Fund by certain institutional investors in Creation Units. Because a fund invests primarily in large-capitalization stocks, the Fund may underperform funds that invest primarily in stocks of smaller capitalization companies during periods when the stocks of such companies are in favor. Mid-capitalization may be subject to greater volatility than those that invest in larger companies, but may be less volatile than investments in smaller companies. Smaller companies are subject to greater volatility than those of larger companies.


A propos d'Unibail-Rodamco Créé en 1968, Unibail-Rodamco est le premier groupe coté de l'immobilier commercial en Europe, présent dans 11 pays de l'Union européenne et doté d'un portefeuille d'actifs d'une valeur de 40,5 milliards d'euros au 31 décembre 2016. À la fois gestionnaire, investisseur et promoteur, le Groupe couvre toute la chaîne de valeur de l'immobilier. Grâce à ses 1 990 employés, Unibail-Rodamco applique ses savoir-faire à des segments de marchés spécifiques comme les grands centres commerciaux des villes majeures d'Europe, ou comme les grands bureaux ou centres de congrès-expositions dans la région parisienne. Le Groupe se distingue par sa volonté d'obtenir les meilleures certifications environnementales, architecturales et urbanistiques. Sa vision durable et à long-terme se concentre sur les développements ou redéveloppements de lieux de vie attractifs et accueillants pour y faire du shopping, y travailler et s'y relaxer. L'engagement d'Unibail-Rodamco en matière de développement durable, économique et social a été reconnu avec son inclusion dans les indices FTSE4Good et STOXX Global ESG Leaders. Le Groupe est membre des indices CAC 40 à Paris, AEX 25 à Amsterdam et EuroSTOXX 50. Il bénéficie d'une notation A par Standard & Poor's et Fitch Ratings. Pour plus d'informations, consultez www.unibail-rodamco.com


Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: "In the first quarter of 2017, our teams have continued to implement successfully the strategic plan "Vision in Action". SCOR's core earnings level bears witness to the quality of the Group's technical fundamentals. At the same time, the Group is gaining market shares in targeted territories and business lines, as demonstrated by the successful P&C January and April renewals and the strong expansion of the Life footprint." In the first quarter of 2017, SCOR is paving the way for the success of its strategic plan by combining profitable growth, strong technical profitability and robust solvency in line with "Vision in Action" Gross written premiums reach EUR 3,739 million, up 12.1% at constant exchange rates compared to Q1 2016 (+13.9% at current exchange rates). This growth comes from both Life (+12.0% at constant exchange rates), across all product lines, particularly in the Americas and Asia-Pacific, and from P&C (+12.3% at constant exchange rates), leveraging on successful January and April renewals. The Group cost ratio decreases to 5.1% of premiums in Q1 2017 compared to the same period in 2016. Group net income reaches EUR 140 million in Q1 2017. Excluding the impacts of the change in the Ogden rate and of reserve releases, the net income would be EUR 197 million in Q1 2017, up from EUR 170 million in Q1 2016. The annualized return on equity (ROE) stands at 8.6% or 788 bps above the risk-free rate[2]. Excluding the Ogden rate and reserve release impacts, the annualized return on equity would stand at 12.2% in Q1 2017, above the "Vision in Action" target. Operating cash flows stand at EUR 22 million in the first quarter of 2017, due primarily to the seasonality of technical cash flows and delayed retrocession receivable receipts. Operating cash flows would be approximately EUR 200 million when normalized by the seasonality effects from both Life and P&C activities. Operating cash flows are expected to normalize and catch up over the course of 2017. Shareholders' equity stands at EUR 6,840 million at 31 March 2017, compared to EUR 6,695 million at 31 December 2016. This translates into a record book value per share of EUR 36.35 at 31 March 2017, compared to EUR 35.94 at 31 December 2016. SCOR's financial leverage stands at 24.0% at 31 March 2017. SCOR announces the creation of an EMEA Hub (Europe, the Middle East and Africa), combining the existing Paris-London and Zurich-Cologne Hubs. The new EMEA Hub aligns shared services with the organisational structure of the two reinsurance divisions, providing a simplified and integrated structure. The newly created Hub is run by Malcolm Newman as Managing Director, reporting to Romain Launay, Group Chief Operating Officer. In the first quarter of 2017, SCOR Global P&C records significant growth and robust technical profitability, in line with "Vision in Action" In the first quarter of 2017, SCOR Global P&C gross written premiums stand at EUR 1,558 million, up 12.3% at constant exchange rates compared to the same period last year (+13.2% at current exchange rates). Beyond the expected growth consistent with the January renewals, the P&C division benefits from the positive impact of large contracts bound in the second half of 2016 in the US. Premium growth for 2017 is expected to normalize in the second half of the year and to return within the "Vision in Action" growth assumptions. In the first three months of 2017, SCOR Global P&C benefits from strong fundamentals, as illustrated by the 94.5% combined ratio which has been: Underlying the portfolio resilience, the "normalized" net combined ratio stands at an improved 94.0% for Q1 2017. At the 1 April 2017 renewals, SCOR Global P&C grew gross written premiums by 3.3% at constant exchange rates to EUR 509 million, while maintaining a disciplined underwriting policy. Pricing was quasi-stable at -0.3%, with year-to-date pricing marginally down -0.5%, indicating a bottoming of rates. Growth with selected clients in Japan and India, where SCOR recently obtained a reinsurance licence, offset one-off effects in the United States portfolio. Overall, the renewal outcomes are in line with "Vision in Action" assumptions. SCOR Global Life successfully combines strong growth and robust profitability, expanding its franchise in Asia-Pacific in the first quarter of 2017 SCOR Global Life records excellent growth in the first quarter of 2017, with gross written premiums standing at EUR 2,181 million, up 12.0% at constant exchange rates compared to the same period last year (+14.4% at current exchange rates). This is driven by: Full-year 2017 premium growth is expected to normalize, in line with the "Vision in Action" annual premium growth assumption. SCOR Global Life records a strong technical margin of 7.2%, above the "Vision in Action" assumption, benefiting from profitable new business development in line with the Group ROE target and from the healthy performance of the in-force portfolio. SCOR Global Investments delivers a return on invested assets of 2.6% in the first quarter of 2017 In the first quarter of 2017, SCOR Global Investments resumed its rebalancing towards the "Vision in Action" asset allocation: The fixed income portfolio is of very high quality, with an average rating of A+. (*) Annualized, including interest on deposits (i.e. interest on funds withheld). (**) Annualized, excluding interest on deposits (i.e. interest on funds withheld). SCOR Global Investments is benefiting from its highly liquid portfolio. As at 31 March 2017, the expected financial cash flows over the next 24 months stand at EUR 6.1 billion (including cash, coupons and redemptions). In the first quarter of 2017, invested assets generate a financial contribution of EUR 122 million. The active asset management policy executed by SCOR Global Investments has enabled the Group to record capital gains of EUR 23 million over the period, coming mainly from the Fixed Income and Other Investment portfolios. The return on invested assets stands at 2.6% for the first quarter of 2017. Taking account of funds withheld by cedants and other deposits, the net rate of return on investments stands at 2.3% in the first quarter of 2017. The reinvestment yield stands at 2.3%[5] at 31 March 2017, confirming the estimated FY 2017 return on invested assets of 2.7% - 3.2%. Invested assets (excluding funds withheld by cedants and other deposits) stand at EUR 19,373 million as at 31 March 2017, and are composed as follows: 9% cash, 78% fixed income (of which 1% are short-term investments), 3% loans, 3% equities, 5% real estate and 2% other investments. Total investments, including EUR 8,511 million of funds withheld and other deposits, stand at EUR 27,884 million at 31 March 2017, compared to EUR 27,731 million at 31 December 2016. SCOR Global Investments continues to reinforce its ESG policy and announces its full divestment from tobacco companies, undertaking across its entire invested assets portfolio to make no new financial investment in such companies in the future. With this action, as a responsible Life & Health reinsurer, SCOR demonstrates the crucial positive role the investment community can play in society. 1: Annualized; 2: Excluding funds withheld by cedants; 3: The combined ratio is the sum of the total claims, the total commissions and the total P&C management expenses, divided by the net earned premiums of SCOR Global P&C; 4: The technical margin for SCOR Global Life is the technical result divided by the net earned premiums of SCOR Global Life; 5: The cost ratio is the total management expenses divided by the gross written premiums. 3 - Balance sheet key figures as at 31 March 2017 (in EUR millions, at current exchange rates) 1: Total investment portfolio includes both invested assets and funds withheld by cedants and other deposits, accrued interest, cat bonds, mortality bonds and FX derivatives; 2: Excluding 3rd party net insurance business investments; 3:Includes cash and cash equivalents. General: Numbers presented throughout this report may not add up precisely to the totals in the tables and text. Percentages and percent changes are calculated on complete figures (including decimals); therefore the presentation might contain immaterial differences in sums and percentages due to rounding. Unless otherwise specified, the sources for the business ranking and market positions are internal. Forward-looking statements: This report includes forward-looking statements and information about the objectives of SCOR, in particular, relating to its current or future projects. These statements are sometimes identified by the use of the future tense or conditional mode, as well as terms such as "estimate", "believe", "have the objective of", "intend to", "expect", "result in", "should" and other similar expressions. It should be noted that the achievement of these objectives and forward-looking statements is dependent on the circumstances and facts that arise in the future. Forward-looking statements and information about objectives may be affected by known and unknown risks, uncertainties and other factors that may significantly alter the future results, performance and accomplishments planned or expected by SCOR. Information regarding risks and uncertainties that may affect SCOR's business is set forth in the 2016 reference document filed on 3 March 2017 under number D.17-0123 with the French Autorité des marchés financiers (AMF) and posted on SCOR's website www.scor.com. In addition, such forward-looking statements are not "profit forecasts" in the sense of Article 2 of Regulation (EC) 809/2004. Financial information: The Group's financial information contained in this report is prepared on the basis of IFRS and interpretations issued and approved by the European Union. Unless otherwise specified, prior-year balance sheet, income statement items and ratios have not been reclassified. The calculation of financial ratios (such as book value per share, return on investments, return on invested assets, Group cost ratio, return on equity, combined ratio and Life technical margin) are detailed in the Appendices of the Investor Relations presentation released on 27 April 2017 (see slide 14 of the presentation). The financial information included in this report is unaudited. Unless otherwise specified, all figures are presented in Euros. Any figures for a period subsequent to 31 December 2016 should not be taken as a forecast of the expected financials for these periods. The Group solvency final annual results are to be filed to supervisory authorities by June 2017, and may differ from the estimates expressed or implied in this report. [2] Based on a 5-year rolling average of 5-year risk-free rates over the cycle. [3] EUR 45 million (pre-tax) positive effect from reserve releases in long-tail lines of business. [5] Corresponds to marginal reinvestment yields based on Q1 2017 asset allocation of yielding asset classes (i.e. fixed income, loans and real estate), according to current reinvestment duration assumptions and spreads. Yield curves as at 31/03/2017.


Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: "In the first quarter of 2017, our teams have continued to implement successfully the strategic plan "Vision in Action". SCOR's core earnings level bears witness to the quality of the Group's technical fundamentals. At the same time, the Group is gaining market shares in targeted territories and business lines, as demonstrated by the successful P&C January and April renewals and the strong expansion of the Life footprint." In the first quarter of 2017, SCOR is paving the way for the success of its strategic plan by combining profitable growth, strong technical profitability and robust solvency in line with "Vision in Action" Gross written premiums reach EUR 3,739 million, up 12.1% at constant exchange rates compared to Q1 2016 (+13.9% at current exchange rates). This growth comes from both Life (+12.0% at constant exchange rates), across all product lines, particularly in the Americas and Asia-Pacific, and from P&C (+12.3% at constant exchange rates), leveraging on successful January and April renewals. The Group cost ratio decreases to 5.1% of premiums in Q1 2017 compared to the same period in 2016. Group net income reaches EUR 140 million in Q1 2017. Excluding the impacts of the change in the Ogden rate and of reserve releases, the net income would be EUR 197 million in Q1 2017, up from EUR 170 million in Q1 2016. The annualized return on equity (ROE) stands at 8.6% or 788 bps above the risk-free rate[2]. Excluding the Ogden rate and reserve release impacts, the annualized return on equity would stand at 12.2% in Q1 2017, above the "Vision in Action" target. Operating cash flows stand at EUR 22 million in the first quarter of 2017, due primarily to the seasonality of technical cash flows and delayed retrocession receivable receipts. Operating cash flows would be approximately EUR 200 million when normalized by the seasonality effects from both Life and P&C activities. Operating cash flows are expected to normalize and catch up over the course of 2017. Shareholders' equity stands at EUR 6,840 million at 31 March 2017, compared to EUR 6,695 million at 31 December 2016. This translates into a record book value per share of EUR 36.35 at 31 March 2017, compared to EUR 35.94 at 31 December 2016. SCOR's financial leverage stands at 24.0% at 31 March 2017. SCOR announces the creation of an EMEA Hub (Europe, the Middle East and Africa), combining the existing Paris-London and Zurich-Cologne Hubs. The new EMEA Hub aligns shared services with the organisational structure of the two reinsurance divisions, providing a simplified and integrated structure. The newly created Hub is run by Malcolm Newman as Managing Director, reporting to Romain Launay, Group Chief Operating Officer. In the first quarter of 2017, SCOR Global P&C records significant growth and robust technical profitability, in line with "Vision in Action" In the first quarter of 2017, SCOR Global P&C gross written premiums stand at EUR 1,558 million, up 12.3% at constant exchange rates compared to the same period last year (+13.2% at current exchange rates). Beyond the expected growth consistent with the January renewals, the P&C division benefits from the positive impact of large contracts bound in the second half of 2016 in the US. Premium growth for 2017 is expected to normalize in the second half of the year and to return within the "Vision in Action" growth assumptions. In the first three months of 2017, SCOR Global P&C benefits from strong fundamentals, as illustrated by the 94.5% combined ratio which has been: Underlying the portfolio resilience, the "normalized" net combined ratio stands at an improved 94.0% for Q1 2017. At the 1 April 2017 renewals, SCOR Global P&C grew gross written premiums by 3.3% at constant exchange rates to EUR 509 million, while maintaining a disciplined underwriting policy. Pricing was quasi-stable at -0.3%, with year-to-date pricing marginally down -0.5%, indicating a bottoming of rates. Growth with selected clients in Japan and India, where SCOR recently obtained a reinsurance licence, offset one-off effects in the United States portfolio. Overall, the renewal outcomes are in line with "Vision in Action" assumptions. SCOR Global Life successfully combines strong growth and robust profitability, expanding its franchise in Asia-Pacific in the first quarter of 2017 SCOR Global Life records excellent growth in the first quarter of 2017, with gross written premiums standing at EUR 2,181 million, up 12.0% at constant exchange rates compared to the same period last year (+14.4% at current exchange rates). This is driven by: Full-year 2017 premium growth is expected to normalize, in line with the "Vision in Action" annual premium growth assumption. SCOR Global Life records a strong technical margin of 7.2%, above the "Vision in Action" assumption, benefiting from profitable new business development in line with the Group ROE target and from the healthy performance of the in-force portfolio. SCOR Global Investments delivers a return on invested assets of 2.6% in the first quarter of 2017 In the first quarter of 2017, SCOR Global Investments resumed its rebalancing towards the "Vision in Action" asset allocation: The fixed income portfolio is of very high quality, with an average rating of A+. (*) Annualized, including interest on deposits (i.e. interest on funds withheld). (**) Annualized, excluding interest on deposits (i.e. interest on funds withheld). SCOR Global Investments is benefiting from its highly liquid portfolio. As at 31 March 2017, the expected financial cash flows over the next 24 months stand at EUR 6.1 billion (including cash, coupons and redemptions). In the first quarter of 2017, invested assets generate a financial contribution of EUR 122 million. The active asset management policy executed by SCOR Global Investments has enabled the Group to record capital gains of EUR 23 million over the period, coming mainly from the Fixed Income and Other Investment portfolios. The return on invested assets stands at 2.6% for the first quarter of 2017. Taking account of funds withheld by cedants and other deposits, the net rate of return on investments stands at 2.3% in the first quarter of 2017. The reinvestment yield stands at 2.3%[5] at 31 March 2017, confirming the estimated FY 2017 return on invested assets of 2.7% - 3.2%. Invested assets (excluding funds withheld by cedants and other deposits) stand at EUR 19,373 million as at 31 March 2017, and are composed as follows: 9% cash, 78% fixed income (of which 1% are short-term investments), 3% loans, 3% equities, 5% real estate and 2% other investments. Total investments, including EUR 8,511 million of funds withheld and other deposits, stand at EUR 27,884 million at 31 March 2017, compared to EUR 27,731 million at 31 December 2016. SCOR Global Investments continues to reinforce its ESG policy and announces its full divestment from tobacco companies, undertaking across its entire invested assets portfolio to make no new financial investment in such companies in the future. With this action, as a responsible Life & Health reinsurer, SCOR demonstrates the crucial positive role the investment community can play in society. 1: Annualized; 2: Excluding funds withheld by cedants; 3: The combined ratio is the sum of the total claims, the total commissions and the total P&C management expenses, divided by the net earned premiums of SCOR Global P&C; 4: The technical margin for SCOR Global Life is the technical result divided by the net earned premiums of SCOR Global Life; 5: The cost ratio is the total management expenses divided by the gross written premiums. 3 - Balance sheet key figures as at 31 March 2017 (in EUR millions, at current exchange rates) 1: Total investment portfolio includes both invested assets and funds withheld by cedants and other deposits, accrued interest, cat bonds, mortality bonds and FX derivatives; 2: Excluding 3rd party net insurance business investments; 3:Includes cash and cash equivalents. General: Numbers presented throughout this report may not add up precisely to the totals in the tables and text. Percentages and percent changes are calculated on complete figures (including decimals); therefore the presentation might contain immaterial differences in sums and percentages due to rounding. Unless otherwise specified, the sources for the business ranking and market positions are internal. Forward-looking statements: This report includes forward-looking statements and information about the objectives of SCOR, in particular, relating to its current or future projects. These statements are sometimes identified by the use of the future tense or conditional mode, as well as terms such as "estimate", "believe", "have the objective of", "intend to", "expect", "result in", "should" and other similar expressions. It should be noted that the achievement of these objectives and forward-looking statements is dependent on the circumstances and facts that arise in the future. Forward-looking statements and information about objectives may be affected by known and unknown risks, uncertainties and other factors that may significantly alter the future results, performance and accomplishments planned or expected by SCOR. Information regarding risks and uncertainties that may affect SCOR's business is set forth in the 2016 reference document filed on 3 March 2017 under number D.17-0123 with the French Autorité des marchés financiers (AMF) and posted on SCOR's website www.scor.com. In addition, such forward-looking statements are not "profit forecasts" in the sense of Article 2 of Regulation (EC) 809/2004. Financial information: The Group's financial information contained in this report is prepared on the basis of IFRS and interpretations issued and approved by the European Union. Unless otherwise specified, prior-year balance sheet, income statement items and ratios have not been reclassified. The calculation of financial ratios (such as book value per share, return on investments, return on invested assets, Group cost ratio, return on equity, combined ratio and Life technical margin) are detailed in the Appendices of the Investor Relations presentation released on 27 April 2017 (see slide 14 of the presentation). The financial information included in this report is unaudited. Unless otherwise specified, all figures are presented in Euros. Any figures for a period subsequent to 31 December 2016 should not be taken as a forecast of the expected financials for these periods. The Group solvency final annual results are to be filed to supervisory authorities by June 2017, and may differ from the estimates expressed or implied in this report. [2] Based on a 5-year rolling average of 5-year risk-free rates over the cycle. [3] EUR 45 million (pre-tax) positive effect from reserve releases in long-tail lines of business. [5] Corresponds to marginal reinvestment yields based on Q1 2017 asset allocation of yielding asset classes (i.e. fixed income, loans and real estate), according to current reinvestment duration assumptions and spreads. Yield curves as at 31/03/2017.


News Article | April 17, 2017
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Plans are in the works for Seton Youth Shelters’ 2017 A Silks and Irons Soiree, Saturday, May 6, 2017 at Back Bay Farms in the Pungo area of Virginia Beach. This year, 300 guests will gather for an afternoon and evening of unique fundraising set amid the Jeffersonian stable and 70-acre equestrian property, owned by Gene Hansen. A Silks and Irons Soiree takes its name from “silks”, the colorful clothing worn by jockeys, with colors representing the race horse’s owner or trainers, and “Irons”, the part of a saddle stirrup which holds the rider’s foot. The 2017 Kentucky Derby, the 143rd “Run for the Roses” at Churchill Downs, will be shown via live broadcast, on a giant screen event guests. The first leg of three annual flat races for three-year-old thoroughbreds, the Kentucky Derby takes place the first Saturday in May. A Silks and Irons Soiree celebrates all things Derby while meeting the critical needs of youth in Hampton Roads. Guests may arrive in their own festive Derby headgear, or purchase a hand-decorated hat upon arrival. This event is well underway to once again being Virginia Beach’s Party of the Year—With a Purpose. “In this year of extensive federal funding reductions to our Street Outreach and Mentoring programs, proceeds from A Silks and Irons Soiree are especially critical this year. We are excited to present a unique and exciting event that will also build community support of our programs, which we have always provided free of charge to youth in crisis,” stated Jennifer Sieracki, Executive Director of Seton Youth Shelters. This Year’s Highlights: Authentic Mint Juleps, Fabulous Hat Contest, Live Turf Races, Free Carriage Rides, Silent Auction, and our Derby Row Restaurants Wasserhund, Lucky Oyster, Primo Redmill, Olive Garden, FMC Garden Café, Isle of Capri, Eurasia, Seton Kitchens, Merchant’s Reserve, Salvatore’s, Pungo Barbecue, and more! Since 1999, Seton Youth Shelters has brought the excitement of the Kentucky Derby to our region’s most celebratory and philanthropically-minded guests for a spring afternoon of all things “Derby” to benefit its shelter, street outreach programs and mentoring programs, which reach tens of thousands of Hampton Roads’ youth each year. Financial support of this distinctive event raises funds for Seton’s prevention, intervention, shelter and counseling to youth 9-17 in crisis and their families—24 hours a day, 365 days a year, at no charge to the child or their family. Seton Youth Shelters is the region’s only organization devoted exclusively to providing shelter, counseling and outreach services to youth 9-17. Individual Tickets to A Silks & Irons Soiree start at $100 Per Person (must be 21 and up). For more information on A Silks & Irons Soiree, contact Kinga Vasquez at Seton Youth Shelters: 757.963.5795 x 105, or jsieracki(at)setonyouthshelters(dot)org. Also visit: http://www.setonyouthshelters.org or the organization’s Facebook page, Seton Youth Shelters. Sponsors of A Silks & Irons Soiree include Back Bay Farms, Capital Group, B.M. Stanton Foundation, Cape Henry Rotary Club, Chesapeake Bay Wine Classic Foundation, Safelite Auto Glass, Tidewater Finance Company, Pepsico, Sinclair Communications, Thrift Store USA, Beach Ford, Beskin-Divers Insurance, TowneBank, BDO, Elijah Craig, Deep Eddy Vodka, Pungo 7-Eleven, Whitlock, 13 NEWS WVEC, St. Aidan’s Episcopal Church, The ESG Companies, Coastal Equine, Roof Services Corporation, Larceny Bourbon, Pama Pomegranate Liqueur, Hypnotiq, Author Jennifer Olmstead, and Allegra Hampton Roads.


Denis Kessler, Chairman & Chief Executive Officer der SCOR: "Im ersten Quartal 2017 haben unsere Teams die Umsetzung des Strategieplans "Vision in Action" erfolgreich fortgeführt. SCORs Kerngewinne stellen die Qualität der technischen Grundlage des Unternehmens unter Beweis. Gleichzeitig gewinnt das Unternehmen Marktanteile in Zielregionen und strategischen Geschäftsfeldern, was durch die im Januar und April erfolgreich durchgeführten P&C-Vertragserneuerungen und den starken Ausbau des Geschäfts im Bereich Leben verdeutlicht wird." Die gebuchten Bruttoprämien belaufen sich auf 3 739 Millionen EUR, was gegenüber dem ersten Quartal 2016 einem Zuwachs um +12,1% bei konstanten Wechselkursen (+13,9% bei aktuellen Wechselkursen) entspricht. Dieses Wachstum ist sowohl auf den Beitrag des Bereichs Leben (+12,0% bei konstanten Wechselkursen), in sämtlichen Produktbereichen und insbesondere in Nord- und Südamerika sowie in der Region Asien-Pazifik, als auch des Bereichs P&C (+12,3% bei konstanten Wechselkursen) zurückzuführen, welcher die erfolgreichen Vertragserneuerungen im Januar und im April gewinnbringend nutzen konnte. SCOR Global Investments setzt die Einbindung von ESG-Kriterien fort und teilt den vollständigen Ausschluss von Investitionen in Tabakunternehmen mit. Weiterhin verpflichtet sie sich, in ihrem gesamten Anlageportfolio zukünftig keine neuen finanziellen Investitionen in solche Unternehmen zu tätigen. Mit dieser als verantwortungsbewusster Lebens- und Krankenrückversicherer getroffenen Maßnahme verdeutlicht SCOR, dass die Finanzwelt in der Lage ist, eine ausschlaggebende und positive Rolle für die Gesellschaft zu übernehmen. Allgemeine Bemerkungen: Es ist möglich, dass sich in dieser Mitteilung enthaltene Zahlen nicht genau zu den in Tabellen und Texten angegebenen Summen aufaddieren. Prozentsätze und prozentuale Veränderungen werden mit ganzen Zahlen (einschließlich Dezimalstellen) berechnet; daher ist es möglich, dass in dieser Mitteilung bei Summenbildungen und bei der Berechnung von Prozentangaben rundungsbedingt geringfügige Abweichungen entstehen. Soweit nicht anders angegeben, stammen Angaben zu Geschäftsranking und Marktpositionen aus internen Quellen. Zukunftsorientierte Aussagen: Diese Mitteilung beinhaltet zukunftsorientierte Aussagen und Informationen über die Geschäftsziele von SCOR, insbesondere im Hinblick auf aktuelle oder künftige Vorhaben. Zukunftsorientierte Aussagen können mitunter an der Verwendung der Futur- oder Konditionalform erkannt werden, bzw. an der Verwendung von Begriffen und Ausdrücken wie "schätzen", "glauben", "etwas zum Ziel haben", "beabsichtigen", "erwarten", "führen zu", "dürften" oder ähnliche Ausdrücken. Es ist zu beachten, dass die Erreichung dieser Ziele und zukunftsorientierter Aussagen von zukünftigen Umständen und Fakten abhängen. Es ist möglich, dass zukunftsorientierte Aussagen und Informationen über Geschäftsziele von bekannten und unbekannten Risiken, Unsicherheiten sowie anderen Faktoren beeinflusst werden, welche sich auf die von SCOR geplanten bzw. erwarteten zukünftigen Ergebnisse, Performances und Leistungen auf erhebliche Weise auswirken könnten. Informationen bezüglich Risiken und Unsicherheiten, die sich negativ auf die Geschäftstätigkeit auswirken können, sind im Referenzdokument 2016 enthalten, das die französische Autorité des marchés financiers (AMF) am 3. März 2017 unter der Nummer D.17-0123 registriert hat und das auf SCORs Website www.scor.com abrufbar ist. Darüber hinaus stellen solche zukunftsorientierte Aussagen keine "Gewinnprognosen" im Sinne des Artikels 2 der Verordnung (EG) Nr. 809/2004 dar. Finanzielle Informationen: Die in dieser Mitteilung enthaltenen Finanzinformationen der Gruppe werden auf Grundlage von IFRS und den von der EU anerkannten und veröffentlichten Interpretationen erarbeitet. Soweit nicht anders angegeben, ist keine Neuklassifizierung von Kennzahlen aus der Bilanz und der Gewinn- und Verlustrechnung sowie sonstiger finanzieller Kennzahlen des Vorjahres vorgenommen worden. Ausführliche Informationen zur Berechnung finanzieller Kennzahlen (z.B. Buchwert je Aktie, Netto-Anlagerendite, Vermögensrendite, Kostenquote der Gruppe, Eigenkapitalrendite, kombinierte Schadenkostenquote und technische Gewinnmarge Leben) sind im Anhang der am 27. April 2017 veröffentlichten Investor-Relations-Präsentation (siehe Folie Nr. 14) zu finden. Die in dieser Mitteilung enthaltenen Finanzergebnisse sind ungeprüft. Soweit nicht anders vermerkt, werden sämtliche Beträge in Euro angegeben. Sämtliche Zahlen, die sich auf den Zeitraum nach dem 31. Dezember 2016 beziehen, dürfen nicht als zukunftsorientierte Aussagen über die erwarteten Finanzergebnisse für diesen Zeitraum angesehen werden. Die abschließenden jährlichen Solvenzergebnisse der Gruppe werden der Aufsichtsbehörde bis spätestens Juni vorgelegt werden und können von den in dieser Mitteilung enthaltenen Aussagen und Einschätzungen abweichen.


Denis Kessler, Chairman & Chief Executive Officer der SCOR: "Im ersten Quartal 2017 haben unsere Teams die Umsetzung des Strategieplans "Vision in Action" erfolgreich fortgeführt. SCORs Kerngewinne stellen die Qualität der technischen Grundlage des Unternehmens unter Beweis. Gleichzeitig gewinnt das Unternehmen Marktanteile in Zielregionen und strategischen Geschäftsfeldern, was durch die im Januar und April erfolgreich durchgeführten P&C-Vertragserneuerungen und den starken Ausbau des Geschäfts im Bereich Leben verdeutlicht wird." Die gebuchten Bruttoprämien belaufen sich auf 3 739 Millionen EUR, was gegenüber dem ersten Quartal 2016 einem Zuwachs um +12,1% bei konstanten Wechselkursen (+13,9% bei aktuellen Wechselkursen) entspricht. Dieses Wachstum ist sowohl auf den Beitrag des Bereichs Leben (+12,0% bei konstanten Wechselkursen), in sämtlichen Produktbereichen und insbesondere in Nord- und Südamerika sowie in der Region Asien-Pazifik, als auch des Bereichs P&C (+12,3% bei konstanten Wechselkursen) zurückzuführen, welcher die erfolgreichen Vertragserneuerungen im Januar und im April gewinnbringend nutzen konnte. SCOR Global Investments setzt die Einbindung von ESG-Kriterien fort und teilt den vollständigen Ausschluss von Investitionen in Tabakunternehmen mit. Weiterhin verpflichtet sie sich, in ihrem gesamten Anlageportfolio zukünftig keine neuen finanziellen Investitionen in solche Unternehmen zu tätigen. Mit dieser als verantwortungsbewusster Lebens- und Krankenrückversicherer getroffenen Maßnahme verdeutlicht SCOR, dass die Finanzwelt in der Lage ist, eine ausschlaggebende und positive Rolle für die Gesellschaft zu übernehmen. Allgemeine Bemerkungen: Es ist möglich, dass sich in dieser Mitteilung enthaltene Zahlen nicht genau zu den in Tabellen und Texten angegebenen Summen aufaddieren. Prozentsätze und prozentuale Veränderungen werden mit ganzen Zahlen (einschließlich Dezimalstellen) berechnet; daher ist es möglich, dass in dieser Mitteilung bei Summenbildungen und bei der Berechnung von Prozentangaben rundungsbedingt geringfügige Abweichungen entstehen. Soweit nicht anders angegeben, stammen Angaben zu Geschäftsranking und Marktpositionen aus internen Quellen. Zukunftsorientierte Aussagen: Diese Mitteilung beinhaltet zukunftsorientierte Aussagen und Informationen über die Geschäftsziele von SCOR, insbesondere im Hinblick auf aktuelle oder künftige Vorhaben. Zukunftsorientierte Aussagen können mitunter an der Verwendung der Futur- oder Konditionalform erkannt werden, bzw. an der Verwendung von Begriffen und Ausdrücken wie "schätzen", "glauben", "etwas zum Ziel haben", "beabsichtigen", "erwarten", "führen zu", "dürften" oder ähnliche Ausdrücken. Es ist zu beachten, dass die Erreichung dieser Ziele und zukunftsorientierter Aussagen von zukünftigen Umständen und Fakten abhängen. Es ist möglich, dass zukunftsorientierte Aussagen und Informationen über Geschäftsziele von bekannten und unbekannten Risiken, Unsicherheiten sowie anderen Faktoren beeinflusst werden, welche sich auf die von SCOR geplanten bzw. erwarteten zukünftigen Ergebnisse, Performances und Leistungen auf erhebliche Weise auswirken könnten. Informationen bezüglich Risiken und Unsicherheiten, die sich negativ auf die Geschäftstätigkeit auswirken können, sind im Referenzdokument 2016 enthalten, das die französische Autorité des marchés financiers (AMF) am 3. März 2017 unter der Nummer D.17-0123 registriert hat und das auf SCORs Website www.scor.com abrufbar ist. Darüber hinaus stellen solche zukunftsorientierte Aussagen keine "Gewinnprognosen" im Sinne des Artikels 2 der Verordnung (EG) Nr. 809/2004 dar. Finanzielle Informationen: Die in dieser Mitteilung enthaltenen Finanzinformationen der Gruppe werden auf Grundlage von IFRS und den von der EU anerkannten und veröffentlichten Interpretationen erarbeitet. Soweit nicht anders angegeben, ist keine Neuklassifizierung von Kennzahlen aus der Bilanz und der Gewinn- und Verlustrechnung sowie sonstiger finanzieller Kennzahlen des Vorjahres vorgenommen worden. Ausführliche Informationen zur Berechnung finanzieller Kennzahlen (z.B. Buchwert je Aktie, Netto-Anlagerendite, Vermögensrendite, Kostenquote der Gruppe, Eigenkapitalrendite, kombinierte Schadenkostenquote und technische Gewinnmarge Leben) sind im Anhang der am 27. April 2017 veröffentlichten Investor-Relations-Präsentation (siehe Folie Nr. 14) zu finden. Die in dieser Mitteilung enthaltenen Finanzergebnisse sind ungeprüft. Soweit nicht anders vermerkt, werden sämtliche Beträge in Euro angegeben. Sämtliche Zahlen, die sich auf den Zeitraum nach dem 31. Dezember 2016 beziehen, dürfen nicht als zukunftsorientierte Aussagen über die erwarteten Finanzergebnisse für diesen Zeitraum angesehen werden. Die abschließenden jährlichen Solvenzergebnisse der Gruppe werden der Aufsichtsbehörde bis spätestens Juni vorgelegt werden und können von den in dieser Mitteilung enthaltenen Aussagen und Einschätzungen abweichen.

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