SOURCE: SCOR

February 14, 2007 02:13 ET

SCOR : 2006 Annual Turnover SCOR + Revios Pro Forma: EUR 4 057 Million at current exchange rates

PARIS -- (MARKET WIRE) -- February 14, 2007 -- Press Release

14 February 2007

N degrees 06 - 2007

For further information, please contact:

Godefroy de Colombe +33 (0)1 46 98 73 50

Director for Public Affairs

Jim Root +33 (0)1 46 98 72 32

Director for Investor Relations

2006 Annual Turnover

SCOR + Revios Pro Forma: EUR 4 057 Million

at current exchange rates

The SCOR Group acquired the Revios Group on the 21st of November 2006. The following figures present (1) the figures for the SCOR Group on a like-for-like basis compared to the 31st of December 2005 (excluding Revios) and those of Revios and (2) the turnover of the new Group thus formed, on a Pro Forma basis, defined as the addition of the respective 2006 turnovers of the two entities.

For the year 2006, the gross premiums written by the SCOR Group on a like-for-like basis compared to the 31st of December 2005 amounted to EUR 2 794 Million, an increase of 16.1% compared to 2005 at current exchange rates.

For the year 2006, the gross premiums written by the Revios Group amounted to EUR 1 263 Million, an increase of 1.7% compared to 2005 at current exchange rates.

For the year 2006, the gross premiums written by the SCOR and Revios Groups, on a Pro Forma basis defined as the addition of the respective 2006 turnovers of the two entities, amounted to EUR 4 057 Million:

- Of which EUR 1 754 Million for Non Life reinsurance, an increase of 26.8% compared to 2005 at current exchange rates

- Of which EUR 2 303 Million for Life reinsurance, an increase of 1.6% compared to 2005 at current exchange rates.

*

* *

For information, the turnover of SCOR for the year 2006 including Revios just for the time period extending from the 21st of November 2006 (legal acquisition date) to the 31st of December 2006 amounted to EUR 2 935 Million.

Breakdown of premium income by line of business, SCOR + Revios Pro Forma:

(in EUR Million, at current exchange rates, under IFRS)

+-------------------------+-------+-------+-----------+
|SCOR                     |  2005 |  2006 |  Variation|
+-------------------------+-------+-------+-----------+
|Non-Life Reinsurance     |  1 383|  1 754|    +26.8 %|
+-------------------------+-------+-------+-----------+
|of which Treaties        |    879|  1 140|   + 29.7 %|
+-------------------------+-------+-------+-----------+
|of which Business        |    301|    374|   + 24.3 %|
|Solutions                |       |       |           |
+-------------------------+-------+-------+-----------+
|of which Specialties     |    203|    240|   + 18.2 %|
+-------------------------+-------+-------+-----------+
|Life Reinsurance         |  2 266|  2 303|     + 1.6%|
+-------------------------+-------+-------+-----------+
|of which SCOR Vie        |  1 024|  1 040|     + 1.6%|
+-------------------------+-------+-------+-----------+
|of which Revios          |  1 242|  1 263|    + 1.7 %|
+-------------------------+-------+-------+-----------+
|TOTAL                    |  3 649|  4 057|   + 11.2 %|
+-------------------------+-------+-------+-----------+
Geographic breakdown of Non Life turnover:

(in EUR Million, at current exchange rates, under IFRS)

+-------------------------+-------+------+-------+------+
|SCOR Global P&C          |  2005 |   %  |  2006 |   %  |
+-------------------------+-------+------+-------+------+
|Europe                   |    777|   56%|  1 025|   58%|
+-------------------------+-------+------+-------+------+
|Americas                 |    286|   21%|    323|   18%|
+-------------------------+-------+------+-------+------+
|of which USA             |    141|   10%|    147|    8%|
+-------------------------+-------+------+-------+------+
|of which Canada          |     77|    6%|     84|    5%|
+-------------------------+-------+------+-------+------+
|of which Caribbean and   |     69|    5%|     92|    5%|
|Latin America            |       |      |       |      |
+-------------------------+-------+------+-------+------+
|Asia – Pacific           |    184|   13%|    220|   13%|
+-------------------------+-------+------+-------+------+
|Rest of World            |    136|   10%|    186|   11%|
+-------------------------+-------+------+-------+------+
|TOTAL                    |  1 383|  100%|  1 754|  100%|
+-------------------------+-------+------+-------+------+
Geographic breakdown of SCOR Vie turnover:

(in EUR Million, at current exchange rates, under IFRS)

+----------------+-------+------+-------+------+
|     SCOR Vie   |  2005 |   %  |  2006 |   %  |
+----------------+-------+------+-------+------+
|  Europe        |    565|   55%|    590|   57%|
+----------------+-------+------+-------+------+
|  Americas      |    393|   39%|    382|   36%|
+----------------+-------+------+-------+------+
|  Asia – Pacific|     44|    4%|     39|    4%|
+----------------+-------+------+-------+------+
|  Rest of World |     22|    2%|     29|    3%|
+----------------+-------+------+-------+------+
|  TOTAL         |  1 024|  100%|  1 040|  100%|
+----------------+-------+------+-------+------+
+----------------+-------+------+-------+------+
Geographic breakdown of Revios turnover:

(in EUR Million, at current exchange rates, under IFRS)

+----------------+-------+------+-------+------+
|      Revios    |  2005 |   %  |  2006 |   %  |
+----------------+-------+------+-------+------+
|  Europe        |    857|   69%|    873|   69%|
+----------------+-------+------+-------+------+
|  Americas      |    331|   27%|    333|   26%|
+----------------+-------+------+-------+------+
|  Asia – Pacific|     40|    3%|     44|    4%|
+----------------+-------+------+-------+------+
|  Rest of World |     14|    1%|     13|    1%|
+----------------+-------+------+-------+------+
|  TOTAL         |  1 242|  100%|  1 263|  100%|
+----------------+-------+------+-------+------+
+----------------+-------+------+-------+------+
Geographic breakdown of SCOR Vie + Revios Pro-Forma turnover:

(in EUR Million, at current exchange rates, under IFRS)

+------------------+-------+------+-------+------+
|  SCOR Global Life|  2005 |   %  |  2006 |   %  |
+------------------+-------+------+-------+------+
|  Europe          |  1 422|   63%|  1 463|   63%|
+------------------+-------+------+-------+------+
|  Americas        |    724|   32%|    715|   31%|
+------------------+-------+------+-------+------+
|  Asia – Pacific  |     84|    4%|     83|    4%|
+------------------+-------+------+-------+------+
|  Rest of World   |     36|    1%|     42|    2%|
+------------------+-------+------+-------+------+
|  TOTAL           |  2 266|  100%|  2 303|  100%|
+------------------+-------+------+-------+------+
+------------------+-------+------+-------+------+
Geographic breakdown of total turnover, SCOR + Revios Pro-Forma :

(in EUR Million, at current exchange rates, under IFRS)

+----------------+-------+------+-------+------+
|       SCOR     |  2005 |   %  |  2006 |   %  |
+----------------+-------+------+-------+------+
|  Europe        |  2 199|   60%|  2 488|   61%|
+----------------+-------+------+-------+------+
|  Americas      |  1 010|   28%|  1 038|   26%|
+----------------+-------+------+-------+------+
|  Asia – Pacific|    268|    7%|    303|    7%|
+----------------+-------+------+-------+------+
|  Rest of World |    172|    5%|    228|    6%|
+----------------+-------+------+-------+------+
|  TOTAL         |  3 649|  100%|  4 057|  100%|
+----------------+-------+------+-------+------+
+----------------+-------+------+-------+------+
+-------------------------+
|2007 Communications      |
|Timetable                |
+-------------------------+
|2006 Annual Results 04   |
|April 2007               |
+-------------------------+
|2007 1st quarter Results |
|and General Meeting 24   |
|May 2007                 |
+-------------------------+
+-------------------------+
Certain statements contained herein are forward-looking. These statements provide current expectations of future events, trends, projects or objectives, based on certain assumptions and include any statement that does not directly relate to a historical fact or current fact. Forward-looking statements are identified in particular by words or phrases such as "anticipate", "assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may increase" and "may fluctuate" and similar expressions or by future or conditional verbs such as "will", "should", "would" and "could." These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause SCOR's actual results, performance, achievements or prospects to be different from any future results, performance, achievements or prospects expressed or implied by such statements. Such factors include, among others: the impact of future investments, acquisitions or dispositions, and any delays, unexpected costs or other issues experienced in connection with any such transaction; cyclicality of the reinsurance industry; changes in general economic conditions, particularly in our core markets; uncertainties in estimating reserves; the performance of financial markets; expected changes in our investment results as a result of the changed composition of our investment assets or changes in our investment policy; the frequency, severity and development of insured claim events; acts of terrorism and acts of war; mortality and morbidity experience; policy renewal and lapse rates; changes in rating agency policies or practices; the lowering or withdrawal of one or more of the financial strength or credit ratings of one or more of our subsidiaries; changes in levels of interest rates; political risks in the countries in which we operate or in which we insure risks; extraordinary events affecting our clients, such as bankruptcies and liquidations; risks associated with implementing our business strategies; changes in currency exchange rates; changes in laws and regulations, including changes in accounting standards and taxation requirements; and changes in competitive pressures.

These factors are not exhaustive. Additional information regarding some risks and uncertainties is set forth in the current financial report of the company. We operate in a continually changing environment and new risks emerge continually. Readers are asked not to place undue reliance on these forward-looking statements. We undertake no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future events or any other circumstance.

This information is provided by CompanynewsGroup

Contact Information