SCOR reports strong results in 2021

The SCOR group has posted a 7.5% turnover increase in 2021. As of 31 December 2021, written premiums stood at 17.6 billion EUR (19.93 billion USD), compared to 16.368 billion EUR (20.1 billion USD) in 2020.

SCOR Global P&C achieved a 14.9% turnover increase which amounted to 8.228 billion EUR (9.3 billion USD). This growth is due to the successful renewals of 2021. The non-life combined ratio, which stood at 100.6%, has been impacted by natural disaster claims.

The SCOR Life and Health (L&H) business unit recorded a 1.8% growth of its gross written premiums, which went from 9.208 billion EUR (11.3 billion USD) in 2020 to 9.372 billion EUR (10.6 billion USD) one year later.

The group's net result amounted to 456 million EUR (516.3 million USD), which represents an increase of 94.9% compared to 234 million EUR (287.4 million USD) posted in 2020. The company's equity reached 6.402 billion EUR (7.25 billion USD). The return on equity (ROE) stood at 7.2%.

The solvency ratio of 226% has exceeded the range set by the "Quantum Leap" strategic plan (185%-220%).

SCOR has suggested the distribution of a dividend of 1.8 EUR (2.03 USD) per share for the year 2021.

The French reinsurer will also pursue its share buyback program of 200 million EUR (226.5 million USD) which will be finalized in March 2022.