SCOR falls as underlying details muddy headline Q3 beat

Shares in French reinsurer SCOR fell 6.5% after J.P. Morgan analysts described the quarter as "not (its) best quarter." Although SCOR's headline results beat expectations, underlying details were less favorable. The Solvency II ratio was reported at 210%, below the expected 213%, and the life insurance business missed expectations by 11%. While net income and P&C exceeded consensus due to mild weather limiting claims, the overall performance was weaker than anticipated, leading to the stock's worst day in nearly six months if losses continue.