SCOR announces solid results for the first quarter of 2024

SCOR SE published its results for the first quarter of 2024, showing a net profit of EUR 196 million, compared to EUR 176 million after adjustment. The solvency ratio stood at 215% as of March 31, compared to 209% at the end of the previous year, highlighting robust capital management. Return on equity (RoE) stood at 17.3%, an indicator of favorable profitability. This performance is supported by a significant insurance income of EUR 4,113 million, marking an increase of 6% compared to the same period the previous year.

This start of the year shows continued growth in SCOR's P&C insurance business, with a combined P&C ratio of 87.1%, indicating effective claims and expense management. The personal insurance (L&H) sector experienced a decline with a result from insurance activities of EUR 72 million, mainly due to unfavorable claims in the United States. In addition, investment performance remains solid with a reinvestment rate of 3.5%.