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SCOR closed the first three months of 2025 with a net profit of 200 million EUR (216.5 million USD), reflecting a 1.7% year-on-year growth.
Insurance revenue decreased by 1.2% compared to Q1 2024, totaling 4.063 billion EUR (4.4 billion USD).
Similarly, gross written premiums saw a slight decline of 0.9% to 4.908 billion EUR (5.3 billion USD).
At 9.035 billion EUR (9.8 billion USD), the Group's economic value (shareholders' equity + contractual service margin (CSM)) was down 6.3% over one year.
SCOR's solvency ratio, estimated at 212% at end-March 2025, was up by 2 points compared with the end of 2024.
Non-life (P&C) insurance revenue increased by 1.2% to 1.858 billion EUR (2 billion USD) in the first quarter of 2025, while the combined ratio for this segment deteriorated by 2.1 points to 85%. This indicator includes, among other things, a 12.5% catastrophe-related loss ratio, primarily attributed to the Los Angeles forest fires.
For its part, SCOR's Life & Health (L&H) business posted insurance revenue of 2.205 billion EUR (2.4 billion USD), which represents a 3.1% drop compared to the end of March 2024.
