Quick Results Update From SCOR For Q1

The latest financials from SCOR, covering Q1 in 2026.

SCOR records EUR 225 million net income (EUR 220 million adjusted¹) in Q1 2026, supported by all business activities:

• In P&C, the combined ratio stands at 80.2% in Q1 2026, including a natural catastrophe ratio of 4.2%, reflecting a benign quarter of natural catastrophe activity. The attritional loss and commission ratio of 77.7% allows for continued opportunistic buffer building and a precautionary mid-double-digit IBNR⁶ provision related to the uncertainties associated with the Middle East conflict.
• In L&H, the insurance service result² stands at EUR 107 million in Q1 2026, driven by CSM amortization, risk adjustment release in line with expectations, and experience variance within the expected range.
• In Investments, SCOR benefits from a still-elevated reinvestment rate in Q1 2026 and records a regular income yield of 3.6%.
• The effective tax rate stands at 29.8% for Q1 2026.

The Return on Equity stands at 21.7% (21.1% adjusted¹) in Q1 2026 and the Group Economic Value increases by 7.4% at constant economics⁴.

SCOR’s Solvency ratio is estimated at 220% at the end of Q1 2026, up 5 percentage points versus FY 2025, driven by a strong net operating capital generation consistent with the FY 2026 guidance, and supported by the January 1 P&C Treaty renewals and Q1 benign Nat Cat experience.

In Q1 2026, SCOR strengthened its Solvency II balance sheet resilience with an exceptional EUR 300 million of buffer added to P&C Best Estimate Liabilities, following an internal capital management optimization.