4.4 Legal risk - Scor

5.2 Investments
5.2.1 PRINCIPAL INVESTMENTS MADE OVER THE PAST THREE FINANCIAL YEARS
Refer to Section 20.1.6 – Notes to the consolidated financial statements - Note 26 - Insurance and financial risk for the
detailed ranking by maturity of fixed-term investments in the Group’s portfolio as at 31 December 2011.
Refer to Section 4.2.1 –SCOR faces risks related to its fixed income investment portfolio - and 4.2.2 – SCOR faces risks
related to our equity based portfolio, for a description of risk management connected with its investments in debt
instruments and equity securities - and 4.2.3 - SCOR is exposed to other risks arising from the investments it owns.
Refer to Section 8 – Property, plant and equipment for a description of risk management connected with our investments
in real estate.
5.2.1.1 Kléber
On 30 June 2011, the Group acquired company 5 avenue Kléber SAS, whose primary asset is an office building in Paris
as described in Section 20.1.6.5 – Notes to the Consolidated Financial Statements – Note 5: Tangible assets and real
estate investments. See also Section 8 - Property, plant and equipment.
5.2.2 PRINCIPAL INVESTMENTS IN PROGRESS
None.
5.2.3 PRINCIPAL FUTURE INVESTMENTS
SCOR's success relies on the consistent implementation of the four principles on which its strategic plans, Dynamic Lift
and now, Strong Momentum, are based, i.e. a high diversification, a robust capital shield, a strong franchise and a
controlled risk appetite. Success in implementing such a strategy requires that, at regular intervals, the Group assesses
whether opportunities which may present themselves relating to the optimization of its business portfolio via acquisitions
and cessions and which would be likely to deliver value for its shareholders are in line with this consistent set of
principles. Thus, the closing of such operations should only occur within this consistent framework, for the best interest
of SCOR SE.
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