SCOR registers profit of €200m in Q1 2025

SCOR logged nett income of €200m for the archetypal 4th of 2025 (Q1 2025), a 1.7% summation from €196m reported successful the aforesaid play the erstwhile year.

The institution attributed the maturation to contributions from each concern segments.

Its net per stock saw a marginal emergence to €1.12 for the quarter, up from €1.10 successful Q1 2024.

The French reinsurer’s operating results besides improved, with a 10.6% summation to €317m successful Q1 2025 from €287m a twelvemonth earlier.

Overall security gross decreased by 1.2%, reaching €4bn successful Q1 2025 from €4.1bn successful the anterior year's quarter.

The spot and casualty (P&C) security conception contributed €1.8bn to full revenues, up by 1.2% astatine existent speech rates, portion the beingness and wellness (L&H) conception added €2.2bn, a 3.1% decline.

The company's gross written premiums (GWP) for the 4th dipped to €4.9bn.

Within this figure, P&C GWP accounted for €2.5bn, and L&H GWP made up €2.4bn.

The P&C segment's combined ratio was reported astatine 85% for Q1 2025, mostly attributed to a debased complaint of attritional losses.

Natural catastrophe claims, influenced by the LA wildfires, represented a ratio of 12.5%.

SCOR CEO Thierry Léger said: “I americium satisfied with the archetypal 4th results. All concern activities lend to a beardown consolidated Group nett income. The P&C show continues to beryllium fantabulous with a combined ratio of 85%, aft absorbing elevated Nat Cat events during the 4th and allowing for an further level of prudence building.

“L&H improves its security work results with a neutral acquisition variance. In Investments, SCOR benefits from an elevated instrumentality connected invested assets. Overall, we are starting the twelvemonth with a precocious ROE [return connected investment] of 18.7% and an improved solvency ratio of 212%, supported by affirmative nett operating superior generation.”

Last month, French authorities commenced an investigation into the actions of SCOR's erstwhile president regarding Covéa group's acquisition of PartnerRe.

Denis Kessler, who had been astatine the helm of SCOR for much than 20 years, died successful 2023.

SCOR has denied immoderate nonstop oregon indirect engagement and work successful the matter.

"SCOR registers nett of €200m successful Q1 2025 " was primitively created and published by Life Insurance International, a GlobalData owned brand.

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