SCOR has published their latest set of financials and the news is good;
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Group net income of EUR 226 million in Q2 2025 driven by all business activities (EUR 225 million adjusted1)
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P&C combined ratio of 82.5% with benign natural catastrophe experience and excellent attritional loss performance allowing for additional buffer building
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L&H insurance service result2 of EUR 118 million, with H1 experience variance in line with expectations
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Investments regular income yield of 3.5%, with continued attractive reinvestment rates
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IFRS 17 Group Economic Value3 of EUR 8.5 billion as of 30 June 2025, up +10.5%4 at constant economics5 (down -1.7% on a reported basis) compared with 31 December 2024, implying an Economic Value per share of EUR 47 (vs. EUR 48 as of 31 December 2024)
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Estimated Group solvency ratio of 210%6 as of 30 June 2025, in the upper part of the optimal solvency range of 185%-220%
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Annualized Return on Equity of 22.6% (22.6% adjusted1) in Q2 2025 implying an annualized Return on Equity of 20.3% in H1 2025 (20.1% adjusted1)
SCOR SE’s Board of Directors met on 30 July 2025, under the chairmanship of Fabrice Brégier, to approve the Group’s Q2 2025 financial statements.
Thierry Léger, Chief Executive Officer of SCOR, comments: “After a strong first quarter, all our business activities continue to perform well, contributing to a Group net income of EUR 226 million in the second quarter of 2025. The excellent combined ratio in P&C is the result of our disciplined underwriting and of successful strategy to grow into profitable and diversifying lines of business. This allows us to build an additional level of prudence to our P&C reserves. L&H and Investments also deliver strong results. Despite increased competition in the P&C reinsurance segment, SCOR has compensated the impact by optimizing its business mix and retrocession, leading to an unchanged net expected technical profitability in the treaty renewals year-to-date. I remain confident for the rest of the year and in SCOR’s ability to execute the Forward 2026 strategic plan.”
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