SCOR: April 2023 P&C renewals

During the 1 April 2023 reinsurance treaty renewals, the P&C class of business of the SCOR group has recorded a 17% increase (at constant exchange rates) in gross written premiums (excluding agriculture). These have reached 724 million EUR (787.5 million USD).

By including the agricultural activity, the renewals of which are still in progress, the turnover would stand at 928 million EUR (1.01 billion USD), that is, a 5% growth at constant exchange rates.

The French reinsurer has thus improved its technical profitability and the risk/return profile of its P&C portfolio, with a 7% rate increase.

SCOR maintains a positive outlook for the June and July 2023 renewals.