4.4 Legal risk - Scor

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(c) Defined benefits pension cost 2012 2011 2010 In EUR million Total Europe Switzerland North America Total Europe Switzer -land North America Total Europe Switzerland North America Service cost 9 4 5 - 8 4 4 - 8 4 4 - Interest cost 7 3 2 2 7 3 2 2 8 4 2 2 Expected return on assets (5) (1) (2) (2) (5) (1) (2) (2) (5) (1) (2) (2) Amortization of actuarial gains and losses 2 2 - - Amortization of past service cost 2 1 - 1 - - - - 1 1 - - Settlement / curtailment (1) - - - - - - - - (14) (13) - (1) Total pension cost 15 9 5 1 10 6 4 - (2) (5) 4 (1) (1) 2010: includes EUR 12.5 million profit relating to a French agreement « indemnité de Fin de Carrière », which had been cancelled in 2009 The actual returns on plan assets were EUR 11.5 million for the year ended 31 December 2012 (2011: EUR 3.1 million and 2010: EUR 4.9 million). (d) Balance sheet amounts In EUR million 2012 2011 2010 2009 2008 Defined benefit obligation 254 216 199 178 166 Plan assets 145 125 114 95 88 Deficit 109 91 85 83 78 Experience adjustments on plan liabilities 4 2 - (1) (2) Experience adjustments on plan assets 5 (3) - 2 (16) 252
The following schedule reconciles the movements in the balance sheet amounts for the year ended 31 December 2012 and 2011: In EUR million Reconciliation of defined benefit obligation Total 2012 Europe North America Total 2011 Europe Switzerland Switzerland North America Obligation as at 1 January 216 73 101 42 199 72 85 42 Service cost 9 4 5 - 8 4 4 - Interest cost 7 3 2 2 7 3 2 2 Employee contributions 3 - 3 - 3 - 3 - Plan amendment 1 - - 1 (1) (1) - - Curtailments - - - - - - - - Settlements - - - - - - - - Acquisition / Divestiture - - - - - (1) 1 - Benefit payments (7) - (5) (2) (6) (1) (3) (2) Liability (gains)/losses due to change in assumptions 19 8 3 8 (1) (5) 2 2 Liability (gains)/losses due to experience 4 4 - - 2 2 3 (3) Effect of foreign exchange 2 - 2 - 5 - 4 1 Obligation as at 31 December 254 92 111 51 216 73 101 42 Reconciliation of fair value of plan assets Fair value of assets as at 1 January 125 16 77 32 114 14 68 32 Expected return on plan assets 5 1 2 2 5 1 2 2 Employer contributions 11 5 5 1 8 4 4 - Employee contributions 3 - 3 - 3 - 3 - Settlements - - - - - - - - Acquisition / Divestiture - - - - - - - - Benefit payments (7) - (5) (2) (6) (1) (3) (2) Asset gains / (losses) due to experience 6 1 5 - (3) (2) - (1) Effect of foreign exchange 2 - 2 - 4 - 3 1 Fair value of assets as at 31 December 145 23 89 33 125 16 77 32 Net defined benefit obligation as at 31 December - Deficit 109 69 22 18 91 57 24 10 Unrecognized past service costs (5) (4) (1) - (6) (5) (1) - Asset ceiling limitation 4 4 - - 2 2 - - Accrued / (Prepaid) 108 69 21 18 87 54 23 10 Analysis of funded status Funded or partially funded obligation as at 31 December 209 53 108 48 169 31 98 40 Fair value of plan assets as at 31 December 145 23 89 33 125 16 77 32 Funded status as at 31 December - deficit 64 30 19 15 44 15 21 8 Unfunded obligation as at 31 December 45 39 3 3 47 42 3 2 Total funded status as at 31 December – deficit 109 69 22 18 91 57 24 10 253
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NOTICE Certain statements contained
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1 Person responsible 8 1.1 Name and
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13 Profit forecasts or estimates 11
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8 PERSON RESPONSIBLE
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1 PERSON RESPONSIBLE 1.1 Name and t
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2.1 Auditors 13 2.2 Resignation or
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14 SELECTED FINANCIAL INFORMATION
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3 GROUP KEY FIGURES (UNDER CURRENT
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4.1 Risk related to the business en
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claims or surrenders of policies th
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B. Life reinsurance The main catego
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statutory reserve requirements or h
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B. SCOR is exposed to Guaranteed Mi
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4.1.9 FINANCIAL RATINGS PLAY AN IMP
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and amortization expenses related t
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F. Deposits with custodians As part
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4.2.2 SCOR FACES RISKS RELATED TO I
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Details of intangible assets, relat
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4.4.2 INCONSISTENT APPLICATION OF E
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See “Appendix B - II. Internal co
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5.1 History and development of the
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proportion of the voting rights hel
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Gerling Global Re Group, which deve
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5.2 Investments 5.2.1 PRINCIPAL INV
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6.1 Primary activities 53 6.2 Princ
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The targets of the strategic plan a
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B. Proportional and non-proportiona
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payment of commercial debts. Surety
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Long-Term Care Long-Term Care (“L
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with local lines of business and po
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transfer solutions (e.g., catastrop
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Retrocession procedures are central
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The portion invested in fixed incom
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6.2 Principal markets SCOR is chara
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On 6 March 2010, STOXX announced SC
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The premiums up for renewal, which
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75 ORGANIZATIONAL STRUCTURE
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E U R O P E 7 ORGANIZATIONAL STRUCT
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7.1.1.2 Project "New SCOR" In conne
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7.2 List of issuer’s significant
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8.1 Major existing or planned prope
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86 OPERATING AND FINANCIAL REVIEW
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9 OPERATING AND FINANCIAL REVIEW Th
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year ended 31 December 2012 down fr
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In 2011, SCOR was affected by the f
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31 March 2014. This transaction suc
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Net investment income and investmen
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IFRS classification In EUR million
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Combined ratio For detailed calcula
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10.1 Capital 103 10.2 Cash flow 103
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FINANCIAL LEVERAGE As at 31 Decembe
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11.1 Research and development activ
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studies and publications produced o
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12.1 Most significant trends in pro
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SCOR Global Life expects business o
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114 PROFIT FORECASTS OR ESTIMATES
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116 ADMINISTRATIVE AND MANAGEMENT B
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14 ADMINISTRATIVE AND MANAGEMENT BO
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Name Date of Birth Other principal
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Clariden Leu and from 10 January 20
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Name Age Current Position Executive
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of Alea Europe from 1999 to 2006, w
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134 REMUNERATION AND BENEFITS
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15 REMUNERATION AND BENEFITS 15.1 A
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and analysts; deepening of the empl
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Subscription and share purchase opt
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Year 2011 Year 2010 Premium/ Gross
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144 BOARD PRATICES
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16 BOARD PRATICES 16.1 Date of expi
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148 EMPLOYEES
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17 EMPLOYEES 17.1 Number of employe
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17.2.2 STOCK OPTIONS HELD BY THE ME
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Options exercised Number of stock o
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Plan Share award rights Price per s
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180 of the Commercial Code, options
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(5) Absolute appliance of Group’s
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The following table shows the free
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Shareholders meeting and Company's
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and, for the not tax resident of Fr
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17.4.2 DEFINED BENEFITS PENSION SCH
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18.1 Significant shareholders known
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Distribution of capital (number of
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On 4 July 2012, Alecta Pensionsför
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19.1 Related party transactions 177
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Amendment #7 to the retrocession ag
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The Board of Directors of SCOR SE,
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absorption of its wholly owned subs
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to the Facility Agreement granted/w
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adjusted on the date of departure b
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188 FINANCIAL INFORMATION CONCERNIN
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20 FINANCIAL INFORMATION CONCERNING
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LIABILITIES AS AT 31 DECEMBER In EU
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20.1.3 CONSOLIDATED STATEMENTS OF C
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20.1.5 CONSOLIDATED STATEMENTS OF C
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20.1.6 NOTES TO THE CONSOLIDATED FI
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• Amendments to IAS 19 - Employee
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Page 204 and 205: (e) Cash and cash equivalents Cash
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Page 208 and 209: available and the reserves are adju
Page 210 and 211: Shadow accounting For the measureme
Page 212 and 213: together with actuarial assumptions
Page 214 and 215: The following table sets forth the
Page 216 and 217: CASH FLOWS BY SEGMENT The cash flow
Page 218 and 219: SCOR recognised the redemption rece
Page 220 and 221: PRO FORMA STATEMENT OF INCOME 2011
Page 222 and 223: 2009 In EUR million (1) Provisional
Page 224 and 225: The Group conducted its annual asse
Page 226 and 227: 20.1.6.6 NOTE 6 - INSURANCE BUSINES
Page 228 and 229: (B) MOVEMENTS IN LEVEL 3 FINANCIAL
Page 230 and 231: Financial lease contracts The Group
Page 232 and 233: At 31 December 2012 and 2011, the u
Page 234 and 235: MORTALITY SWAPS On 1 January 2008,
Page 236 and 237: 20.1.6.10 NOTE 10 - ASSUMED AND CED
Page 238 and 239: Issued share capital The number of
Page 240 and 241: CAPITAL MANAGEMENT POLICY, OBJECTIV
Page 242 and 243: Share-based payments The caption
Page 244 and 245: SCOR has entered into a cross-curre
Page 246 and 247: SCOR Global P&C The table below sho
Page 248 and 249: The table below is a reconciliation
Page 250 and 251: (C) SHARE OF RETROCESSIONAIRES IN C
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Page 256 and 257: The table below presents the change
Page 258 and 259: The performance conditions will be
Page 260 and 261: In 2010 the tax rate change impact
Page 262 and 263: Applying the deferred tax netting m
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Page 266 and 267: In the event of termination of the
Page 268 and 269: SIGNIFICANT SUBSIDIARIES, INVESTMEN
Page 270 and 271: 20.1.6.25 NOTE 25 - COMMITMENTS REC
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Page 274 and 275: (iv) Pandemic In Life reinsurance,
Page 276 and 277: Different types of GMDBs are covere
Page 278 and 279: (b) Receivables from retrocessionai
Page 280 and 281: (i) Default of pool members SCOR pa
Page 282 and 283: Additional information on the timin
Page 284 and 285: On the other hand, an increase in i
Page 286 and 287: The market sensitivities of the Gro
Page 288 and 289: 20.2 Auditing of historical consoli
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Page 292 and 293: 21.1 Share capital 293 21.2 Charter
Page 294 and 295: Directors of SCOR SE decided on 28
Page 296 and 297: Number initially authorized (date o
Page 298 and 299: Objective 1. Stimulation of the sec
Page 300 and 301: 21.1.7 HISTORY OF THE COMPANY’S S
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Board of Directors’ borrowing pow
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maintained by BNP on our behalf. Ea
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Proxies may be granted by a shareho
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Shareholders’ Meeting that may ta
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22 MATERIAL CONTRACTS None. 310
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23.1 Expert’s report 313 23.2 Inf
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314 DOCUMENTS ON DISPLAY
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316 INFORMATION ON HOLDINGS
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318 NON FINANCIAL INFORMATION
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320 FEES PAID BY THE GROUP TO THE A
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322 PUBLISHED INFORMATION
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28 PUBLISHED INFORMATION 28.1 Infor
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Date Subject Marchés Financiers 27
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328
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1.1 Significant events of the year
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1.2 Balance sheet 1.2.1 BALANCE SHE
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1.3 Income statement In EUR million
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In EUR million NON-UNDERWRITING ACC
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1.5 NOTES TO THE CORPORATE FINANCIA
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1.7 RECORDING OF REINSURANCE TRANSA
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1.12 FINANCIAL INSTRUMENTS RECEIVED
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Name Original currency Share capita
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NOTE 4 - TRANSACTIONS WITH SUBSIDIA
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(b) Financial liabilities • Initi
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• EUR 44 million in reserves for
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NOTE 10 - ANALYSIS OF GENERAL EXPEN
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Number of which to Group directors
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NOTE 15 - ANALYSIS OF COMMITMENTS G
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Appeal of Versailles. On the basis
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aforementioned notes is appropriate
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362 APPENDIX B: REPORT OF THE CHAIR
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APPENDIX B: REPORT OF THE CHAIRMAN
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Pursuant to the Internal Charter, t
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Lastly, Directors are required to i
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The Audit Committee is composed of
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Every year, the conditions of remun
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Moreover, the Chairman and Chief Ex
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The Group SCOR consists of the pare
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Within this environment, control re
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organization, training sessions tar
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For SCOR Global Life: - an internal
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(D) INFORMATION AND COMMUNICATION
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• enhanced audit trail. The initi
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Other information We confirm that t
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APPENDIX C: GLOSSARY* *This glossar
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D DECENNIAL INSURANCE Decennial ins
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M MARINE AND AVIATION INSURANCE ALS
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RETROCESSION Transaction in which t
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elevant at the date of acquisition.
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1 Operating and financial review of
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1.2 Operating results of SCOR SE du
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3.2 Group social indicators 3.2.1 D
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As a global company organised into
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3.2.10 Distribution by age Indicato
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in cooperation with the company doc
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- The items pertain to the entire G
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• Two approaches have been develo
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POLLUTION AND WASTE MANAGEMENT Info
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BIODIVERSITY PROTECTION formation r
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The Group’s French subsidiaries a
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5.5 OTHER ACTIONS TAKEN IN SUPPORT
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7 STATUTORY AUDITORS’REPORT ON TH
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426 APPENDIX E: CROSS REFERENCE TAB
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European Company With a share capit
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4.4 Legal risk - Scor

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