SCOR Posts Q1 Results for 2025

It’s an impressive performance, here’s the word;

SCOR records EUR 200 million net income (EUR 195 million adjusted) in Q1 2025, supported by all business activities:

• In P&C, the combined ratio of 85.0% in Q1 2025 is primarily driven by a low attritional loss and commission ratio of 74.7% reflecting an excellent underlying performance and allowing for buffer building. The natural catastrophe claims ratio stands at 12.5% mainly driven by losses related to the LA wildfires.
• In L&H, the insurance service result stands at EUR 118 million in Q1 2025, driven by a level of CSM amortization and risk adjustment release in line with expectations, and a neutral experience variance.
• In Investments, SCOR benefits from an elevated regular income yield of 3.5% in Q1 2025 along with continued attractive reinvestment rates.
• The effective tax rate stands at 29.7% for Q1 2025.

The annualized Return on Equity stands at 18.7% (18.3% adjusted¹ ) in Q1 2025 and the Group Economic Value increases by 6.8% at constant economics.

SCOR’s Solvency ratio is estimated at 212% at the end of Q1 2025, up 2 points versus FY 2024, from positive net operating capital generation.