English
Français
SCOR closed the 2024 financial year with a net profit of 4 million EUR (4.2 million USD), which represents a substantial decline compared with the 812 million EUR (896.2 million USD) recorded in 2023.
This decrease was primarily driven by the 2024 review of Life & Health (L&H) assumptions.
Insurance revenue reached 16.126 billion EUR (16.8 billion USD) as at 31 December 2024, against 15.922 billion EUR (17.8 billion USD) one year earlier. Gross written premiums increased by 3.6% to 20.064 billion EUR (21 billion USD).
Insurance service result decreased by 70.9% to 432 million EUR (450 million USD).
The combined non-life (P&C) ratio went from 85% in 2023 to 86.3% in 2024.
The Los Angeles fire cost, estimated at 140 million EUR (145.8 million USD), is in line with SCOR's natural catastrophe budget for the first quarter of 2025.
During the reporting period, the Group's economic value (shareholders' equity + CSM margin) stood at 8.615 billion EUR (9 billion USD), reflecting a 6.5% decline compared to the previous year.
Estimated at 210% at 31 December 2024, the solvency ratio is at the upper end of the optimal 185%-220% range.
SCOR will propose the distribution of a dividend of 1.8 EUR (1.9 USD) per share for the past year at its next Annual General Meeting, scheduled for 29 April 2025.
