SCOR logged web earnings of €200m for the primary quarter of 2025 (Q1 2025), a 1.7% enhance from €196m reported in the identical interval the earlier 12 months.
The corporate attributed the expansion to contributions from all enterprise segments.
Its earnings per share noticed a marginal rise to €1.12 for the quarter, up from €1.10 in Q1 2024.
The French reinsurer’s working outcomes additionally improved, with a ten.6% enhance to €317m in Q1 2025 from €287m a 12 months earlier.
Total insurance coverage income decreased by 1.2%, reaching €4bn in Q1 2025 from €4.1bn within the prior 12 months’s quarter.
The property and casualty (P&C) insurance coverage section contributed €1.8bn to whole revenues, up by 1.2% at present trade charges, whereas the life and well being (L&H) section added €2.2bn, a 3.1% decline.
The corporate’s gross written premiums (GWP) for the quarter dipped to €4.9bn.
Inside this determine, P&C GWP accounted for €2.5bn, and L&H GWP made up €2.4bn.
The P&C section’s mixed ratio was reported at 85% for Q1 2025, largely attributed to a low charge of attritional losses.
Pure disaster claims, influenced by the LA wildfires, represented a ratio of 12.5%.
SCOR CEO Thierry Léger stated: “I’m glad with the primary quarter outcomes. All enterprise actions contribute to a robust consolidated Group web earnings. The P&C efficiency continues to be wonderful with a mixed ratio of 85%, after absorbing elevated Nat Cat occasions in the course of the quarter and permitting for a further degree of prudence constructing.
“L&H improves its insurance coverage service outcomes with a impartial expertise variance. In Investments, SCOR advantages from an elevated return on invested belongings. Total, we’re beginning the 12 months with a excessive ROE [return on investment] of 18.7% and an improved solvency ratio of 212%, supported by constructive web working capital technology.”
Final month, French authorities commenced an investigation into the actions of SCOR’s former chairman concerning Covéa group’s acquisition of PartnerRe.
Denis Kessler, who had been on the helm of SCOR for greater than 20 years, died in 2023.
SCOR has denied any direct or oblique involvement and accountability within the matter.
