4.4 Legal risk - Scor

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Name Original currency Share capital (1) Reserves (1) Share of capital Gross book value Net book value Loans and advances Receivabl es against issuers Guarantee sand pledges given (2) Turn over (1) Net income (1) Dividends received (Amounts in EUR million) (OC) * (OC) * (OC) * (EUR) (EUR) (EUR) (EUR) (EUR) (OC) * (OC) * (EUR) A- RELATED ENTITIES: DETAILED INFORMATION - SCOR GLOBAL LIFE SE EUR 275 506 99.99% 471 471 587 79 - 2,354 82 100 5 avenue Kléber, 75116 PARIS, France - SCOR GLOBAL P&C SE EUR 544 1,170 99.99% 1,465 1 465 44 - - 2,719 168 87 5 avenue Kléber, 75116 PARIS, France - SCOR US CORPORATION USD 329 780 100.00% 1,315 1,030 - 1 - - 3 - 199 Water Street, NEW YORK, NY 10038-3526 USA - SCOR AUBER S.A. (France) EUR 47 117 100.00% 149 149 40 1 - 38 52 14 5 avenue Kléber, 75116 PARIS, France - SCOR Holding Switzerland AG EUR 382 1,703 40.68% 788 788 - - - - 47 61 General Guisan-Quai 26, 8022 Zurich, Switzerland - ASEFA S.A. EUR 18 73 39.97% 6 6 - - - - -2 - Avda Manoteras 32 Edificio A 28050 Madrid, Spain -SCOR PERESTRAKHOVANIYE.O.O.O. RUB 800 191 100.00% 21 21 - 2 - 1,088 72 - 10 Nikolskaya Street, 109012, Moscow, Russian Federation - SCOR AFRICA LTD ZAR 0 197 100.00% 11 11 - 14 - 730 19 - 2nd Floor, West Tower, Maude Street, Nelson Mandela Square, Sandton 2196, South Africa - SCOR GLOBAL INVESTMENT SE EUR 3 3 100.00% 3 3 - - - 25 6 4 5 avenue Kléber, 75116 PARIS, France Total A 4,229 3,944 671 97 266 B- ENTITIES WITH EQUITY INTEREST - In France 16 16 70 3 - Other than in France - - - - Total B 16 16 70 3 TOTAL 4,245 3,960 741 100 266 (1) Data based on IFRS accounts (2) SCOR guarantees in full, without limits as to amounts, the underwriting liabilities of its subsidiaries pertaining in particular to their obligations relative to the payment of claims. In return, SCOR GLOBAL P&C SE and SCOR GLOBAL LIFE SE guarantee, on behalf and for the benefit of SCOR SE, the full and prompt performance of all of SCOR SE's payment obligations under all insurance, reinsurance and financial contracts entered into by SCOR SE (*) OC: Original Currency 344
NOTE 3 - OTHER ASSETS 3.1 TANGIBLE AND INTANGIBLE ASSETS In EUR million Opening balances Acquisitions / creations Disposals Closing balances GROSS VALUES 99 51 27 123 Intangible assets 5 4 4 5 Goodwill 4 - 4 - Set-up costs - - - - Other intangible assets 1 4 - 5 Tangible assets 94 47 23 118 Deposits and security bonds 18 9 - 27 Equipment, furniture, fittings and fixtures 76 38 23 91 DEPRECIATION AND ALLOWANCES (21) (9) (20) (10) Other intangible assets (excluding goodwill) (1) (1) - (2) Equipment, furniture, fittings and fixtures (20) (8) (20) (8) Increase of equipment and furniture by EUR 38 million mainly related to the head office building located in Paris. 3.2 TREASURY SHARES As at 31 December 2012, the number of shares held as treasury shares amounted to 8,930,686 shares (i.e., 4.64% of capital) for a total value of EUR 162,644,155. These shares were acquired in the context of anticipated awards to Company employees and officers as part of share allotment plans. In EUR million Treasury shares Opening balance Acquisitions/ creations Disposals Closing balance Number 7,262,600 6,792,437 (5,124,351) 8,930,686 Amount 120,118,237 131,038,681 (88,512,763) 162,644,155 345
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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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Intangible assets The cost of intan
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(e) Cash and cash equivalents Cash
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Impairment of financial assets At e
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available and the reserves are adju
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Shadow accounting For the measureme
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together with actuarial assumptions
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The following table sets forth the
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CASH FLOWS BY SEGMENT The cash flow
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SCOR recognised the redemption rece
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PRO FORMA STATEMENT OF INCOME 2011
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2009 In EUR million (1) Provisional
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The Group conducted its annual asse
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20.1.6.6 NOTE 6 - INSURANCE BUSINES
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(B) MOVEMENTS IN LEVEL 3 FINANCIAL
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Financial lease contracts The Group
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At 31 December 2012 and 2011, the u
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MORTALITY SWAPS On 1 January 2008,
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20.1.6.10 NOTE 10 - ASSUMED AND CED
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Issued share capital The number of
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CAPITAL MANAGEMENT POLICY, OBJECTIV
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Share-based payments The caption
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SCOR has entered into a cross-curre
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SCOR Global P&C The table below sho
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The table below is a reconciliation
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(C) SHARE OF RETROCESSIONAIRES IN C
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(c) Defined benefits pension cost 2
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The following table summarizes the
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The table below presents the change
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The performance conditions will be
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In 2010 the tax rate change impact
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Applying the deferred tax netting m
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These expenses are further allocate
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In the event of termination of the
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SIGNIFICANT SUBSIDIARIES, INVESTMEN
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20.1.6.25 NOTE 25 - COMMITMENTS REC
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and documented before the pricing i
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(iv) Pandemic In Life reinsurance,
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Different types of GMDBs are covere
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(b) Receivables from retrocessionai
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(i) Default of pool members SCOR pa
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Additional information on the timin
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On the other hand, an increase in i
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The market sensitivities of the Gro
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20.2 Auditing of historical consoli
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Other information audited by the le
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21.1 Share capital 293 21.2 Charter
Page 294 and 295: Directors of SCOR SE decided on 28
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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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Page 304 and 305: maintained by BNP on our behalf. Ea
Page 306 and 307: Proxies may be granted by a shareho
Page 308 and 309: Shareholders’ Meeting that may ta
Page 310 and 311: 22 MATERIAL CONTRACTS None. 310
Page 312 and 313: 23.1 Expert’s report 313 23.2 Inf
Page 314 and 315: 314 DOCUMENTS ON DISPLAY
Page 316 and 317: 316 INFORMATION ON HOLDINGS
Page 318 and 319: 318 NON FINANCIAL INFORMATION
Page 320 and 321: 320 FEES PAID BY THE GROUP TO THE A
Page 322 and 323: 322 PUBLISHED INFORMATION
Page 324 and 325: 28 PUBLISHED INFORMATION 28.1 Infor
Page 326 and 327: Date Subject Marchés Financiers 27
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Page 330 and 331: 1.1 Significant events of the year
Page 332 and 333: 1.2 Balance sheet 1.2.1 BALANCE SHE
Page 334 and 335: 1.3 Income statement In EUR million
Page 336 and 337: In EUR million NON-UNDERWRITING ACC
Page 338 and 339: 1.5 NOTES TO THE CORPORATE FINANCIA
Page 340 and 341: 1.7 RECORDING OF REINSURANCE TRANSA
Page 342 and 343: 1.12 FINANCIAL INSTRUMENTS RECEIVED
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Page 352 and 353: NOTE 10 - ANALYSIS OF GENERAL EXPEN
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Page 356 and 357: NOTE 15 - ANALYSIS OF COMMITMENTS G
Page 358 and 359: Appeal of Versailles. On the basis
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Page 362 and 363: 362 APPENDIX B: REPORT OF THE CHAIR
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Page 366 and 367: Pursuant to the Internal Charter, t
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Page 378 and 379: Within this environment, control re
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Page 382 and 383: For SCOR Global Life: - an internal
Page 384 and 385: (D) INFORMATION AND COMMUNICATION
Page 386 and 387: • enhanced audit trail. The initi
Page 388 and 389: Other information We confirm that t
Page 390 and 391: APPENDIX C: GLOSSARY* *This glossar
Page 392 and 393: 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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