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Though SCOR's (SZCRF) latest "Quantum Leap" plan was ironically short of quantum leaps, it represents a solid extension of "Vision in Action" and bridges the way to the introduction of IFRS 17 in 2022. While most financial targets remain broadly in line, with weakness in investment targets largely expected due to the low-yield environment, the key disappointment was in the absence of a buyback announcement. SCOR could, in theory, deliver a recurring buyback given its strong capital generation, but the emphasis seems to be on growth opportunities, for now, thus I'd be cautious