Scor rose on Wednesday morning on the Paris Bourse following the publication of its annual targets, the reinsurer having indicated that it was aiming for growth in its economic value and the maintenance of a solvency ratio at the top end of the optimal range.

At around 08:00 GMT, the share price was up 3.47%, compared with a 0.35% gain for the CAC 40, which hit a new all-time high of 7,418.56 points during the session.

Scor, which has adopted the IFRS 17 accounting standard, said in a press release that it was targeting a growth rate in its economic value between December 31, 2022 and December 31, 2023, of 700 basis points above the risk-free rate under constant interest rate and exchange rate economic assumptions.

The solvency ratio is expected to be in the optimum range of 185% to 220%.

The Group will present its first-quarter IFRS results on May 12.

(Written by Claude Chendjou, edited by Kate Entringer)