4.4 Legal risk - Scor

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3.2 Group social indicators 3.2.1 Distribution by Hub (1) Indicator “Grenelle II”: Distribution of the employees by Geographical Area 2012 2011 2010 Hub Paris 713 665 631 Hub Americas 628 603 306 Hub Zurich 239 237 253 Hub Köln 208 211 202 Hub London 189 174 149 Hub Singapore 173 150 124 TOTAL excluding ReMark 2,150 2,040 1,665 ReMark (2) 134 144 157 TOTAL 2,284 2,184 1,822 (1) The headcount is calculated on the basis of employees registered as at 31 December. Each hub covers a region and may encompass several countries. For example, the Paris hub covers France, Spain, Italy, Belgium, the Netherlands, Luxembourg, Russia and South Africa. As temporary workers and external service providers are managed according specific rules in each site, this data is not mentioned in the headcounts this year. For detail of countries per hub, please refer to section 17.1. (2) SCOR Global Life SE holds 100% of the capital of ReMark. Due to its specific activity, ReMark’s human resources is managed independently from that of the Group 3.2.2 Distribution by gender Indicator “Grenelle II”: Distribution of the employees by gender 2012 Male 1,133 Female 1,017 TOTAL 2,150 3.2.3 Distribution by status Indicator “Grenelle II”: Distribution of the employees (by status) 2012 Partners (1) 622 Non-Partners 1,528 TOTAL 2,150 (1) Definition of the Partner: see “Section 8 – Total Compensation: Elements relating to the remuneration policy." The Corporate Officer is included in this population. 3.2.4 Distribution by department Indicator “Grenelle II”: Total Headcounts (by department) 2012 2011 2010 SCOR Global P&C 712 658 656 SCOR Global Life (1) 848 817 452 SCOR Global Investments 51 45 39 Group Functions and Support (2) 539 520 518 TOTAL excluding ReMark 2,150 2,040 1,665 ReMark (3) 134 144 157 TOTAL 2,284 2,184 1,822 (1) For 2011 and 2012, the former Transamerica Re employees are temporarily included in the SCOR Global Life division. For 2012, Rehalto (29 employees as at 31 December 2012) and Telemed (29 employees as at 31 December 2012) are 100% subsidiaries of SCOR Global Life SE, managed independently from the Group in terms of human resources and not aggregated in the division. (2) The “Group Functions and Support” division includes the Group’s Finance, Risk and Operations departments as well as the departments directly managed by the Chairman and Chief Executive Officer. (3) SCOR Global Life SE controls 100% of the capital of ReMark. Due to its specific activity, its business model and its organization, ReMark’s human resources is managed independently from that of the Group 404
3.2.5 Distribution by type of contract Indicator “Grenelle II”: Total Headcounts (by contract type) 2012 Permanent Contract 2,134 Fixed-Term Contract 16 TOTAL (including the ex-TransAmerica Re 2,150 employees) Trainees (*) 66 TOTAL including trainees 2,216 (*) We consider that the trainees are paid and under a tripartite relationship between the company, the school and the student 3.2.6 Hiring (1) Indicator “Grenelle II”: Hiring (by contract type and by gender) 2012 Male Female Total Permanents contracts 151 115 266 Fixed-term contracts 7 9 16 Trainees 53 44 97 (1) The group has no particular difficulty in hiring this year Methodology: the definitions for “fixed-term contract” and “trainee” may vary from one country to another. We define “fixed-term contract” as a signed working contract mentioning a termination date. We define “trainee” as an employee paid by the company under a tripartite agreement between the company, university and student employee. 3.2.7 Departures Indicator “Grenelle II”: Departures 2012 Male Female Total Retirement 5 6 11 Resignation 63 48 111 Dismissal 14 25 39 End of Fixed-term contract 6 5 11 Decease 1 1 Trainees 59 47 106 Methodology: employees on fixed-term Contract are considered as definitively leaving SCOR when their contracts expire. Employee who signed a permanent contract in 2012 at the end of their fixed-term contract are not included in this scope. In 2012, the Group’s staff turnover rate was 5.4%*%. (*2012 Group’s staff turnover: number of resignations in 2012 /headcount as at 31 December 2011) 3.2.8 Total compensation (*) Indicator “Grenelle II”: Compensation (composition of the package) In EUR Average fixed remuneration as at 31/12/2012 (**) 82,548 Average bonus (***) 9,310 Total granted shares (****) 11,420 TOTAL 103,278 (*) The Corporate Officer is not included. The total compensation is calculated on the basis of 2,149 employees as at 31 December 2012. (**) The average fixed remuneration is based on the annual base salary paid to the employee, prorated to actual hours worked. (***) The bonus includes the profit-sharing scheme for France (****) Amount calculated by multiplying the number of shares granted by the fair value of each plan which is calculated in accordance with the IFRS rules. Key elements on the remuneration policy All employees have access to a full description of the Group’s remuneration policy on the Company intranet. This policy is consistent across all the Hubs and applies to the entire Group. In accordance with the Group’s values, one of the policy’s objectives (beyond retaining employees and rewarding performance) is to discourage excessive <strong>risk</strong>-taking. 405
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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
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Directors of SCOR SE decided on 28
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Number initially authorized (date o
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Objective 1. Stimulation of the sec
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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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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
Page 368 and 369: Lastly, Directors are required to i
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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
Page 394 and 395: M MARINE AND AVIATION INSURANCE ALS
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Page 398 and 399: elevant at the date of acquisition.
Page 400 and 401: 1 Operating and financial review of
Page 402 and 403: 1.2 Operating results of SCOR SE du
Page 406 and 407: As a global company organised into
Page 408 and 409: 3.2.10 Distribution by age Indicato
Page 410 and 411: in cooperation with the company doc
Page 412 and 413: - The items pertain to the entire G
Page 414 and 415: • Two approaches have been develo
Page 416 and 417: POLLUTION AND WASTE MANAGEMENT Info
Page 418 and 419: BIODIVERSITY PROTECTION formation r
Page 420 and 421: The Group’s French subsidiaries a
Page 422 and 423: 5.5 OTHER ACTIONS TAKEN IN SUPPORT
Page 424 and 425: 7 STATUTORY AUDITORS’REPORT ON TH
Page 426 and 427: 426 APPENDIX E: CROSS REFERENCE TAB
Page 428: European Company With a share capit
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