At a glance
- Scor said it will present its new strategic plan on Dec. 3.
- P&C insurance revenue was €1,876 million, up 2.3% at constant exchange rates and 3.5% at current rates.
- For allocators and fund selectors comparing reinsurance exposure, Scor's 84.1% combined ratio keeps it inside its 87% target.
Scor SE reported third-quarter net income of €206 million, down 4.8%, bringing nine-month net income to €603 million, according to its results release. Scor said it will present its new strategic plan on Dec. 3.
P&C insurance revenue was €1,876 million, up 2.3% at constant exchange rates and 3.5% at current rates. The P&C combined ratio was 84.1%, up from 80.9% in the third quarter of 2025. CEO Thierry Léger said P&C delivered "a combined ratio well below the 87% target despite an active natural catastrophe quarter."
For allocators and fund selectors comparing reinsurance exposure, Scor's 84.1% combined ratio keeps it inside its 87% target. Scor estimated its solvency ratio at 221%, up 6 percentage points from year-end 2025. It attributed the increase to operating capital generation, which it said more than offset capital deployed for growth, deleveraging and dividend accrual.
L&H insurance revenue fell 2.3% at constant exchange rates to €1,881 million. New business CSM was €142 million, down 16.1% at current exchange rates. Scor linked the decline mainly to a retrocession timing effect. Nine-month CSM was €1,120 million, up 1.4%. Annualized return on equity was 20.4% for the quarter and 18.9% for the nine months.
Reported by the Cat bonds & reinsurance desk from GlobeNewswire and AM Best News. Published . Corrections