Scor SE
SIX:SCR
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Scor SE
SIX:SCR
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Momentum Metropolitan Holdings Ltd
JSE:MTM
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Scor SE
Amid the labyrinth of the global reinsurance industry, Scor SE stands resolute, carving a niche with its astute risk assessment and management capabilities. Headquartered in Paris, this formidable player in the reinsurance arena operates through two primary segments: life reinsurance and property and casualty reinsurance. Scor SE’s prowess lies in its ability to forecast and evaluate risks faced by insurance companies globally, leveraging world-class actuarial expertise and cutting-edge analytical tools. By assuming a portion of risks underwritten by its clients—primary insurers—Scor SE enables these companies to preserve capital, manage volatility, and comply with regulatory demands. This symbiotic relationship allows Scor SE to charge premiums for taking on these risks, which forms the bedrock of its revenue stream.
In addition to the premiums collected, Scor SE amplifies its financial muscle through sound investment strategies, harnessing the returns from its vast financial reserves. The company's focus on diversification ensures that it remains resilient amid ever-present market fluxes and natural catastrophes. This investment income becomes particularly crucial in balancing the underwriting losses that can occur in an unpredictable global climate. With a consistent emphasis on innovation, Scor SE utilizes sophisticated risk modeling and data analytics, positioning itself as a dynamic leader committed to delivering value through prudent risk management and wealth creation strategies for stakeholders worldwide.
Amid the labyrinth of the global reinsurance industry, Scor SE stands resolute, carving a niche with its astute risk assessment and management capabilities. Headquartered in Paris, this formidable player in the reinsurance arena operates through two primary segments: life reinsurance and property and casualty reinsurance. Scor SE’s prowess lies in its ability to forecast and evaluate risks faced by insurance companies globally, leveraging world-class actuarial expertise and cutting-edge analytical tools. By assuming a portion of risks underwritten by its clients—primary insurers—Scor SE enables these companies to preserve capital, manage volatility, and comply with regulatory demands. This symbiotic relationship allows Scor SE to charge premiums for taking on these risks, which forms the bedrock of its revenue stream.
In addition to the premiums collected, Scor SE amplifies its financial muscle through sound investment strategies, harnessing the returns from its vast financial reserves. The company's focus on diversification ensures that it remains resilient amid ever-present market fluxes and natural catastrophes. This investment income becomes particularly crucial in balancing the underwriting losses that can occur in an unpredictable global climate. With a consistent emphasis on innovation, Scor SE utilizes sophisticated risk modeling and data analytics, positioning itself as a dynamic leader committed to delivering value through prudent risk management and wealth creation strategies for stakeholders worldwide.
Profit: SCOR reported a record full-year net income of EUR 846 million and Q4 net income of EUR 214 million (Q4 implying an annualized ROE of 21.1%).
Capital position: Group solvency ratio finished at 215% (up 5 points vs 2024) and management proposes a dividend of EUR 1.9 per share (up 5.6%).
Underwriting: P&C delivered strong underwriting with an attritional loss ratio of 74.7% in Q4 (76.4% YTD) and management expects a P&C combined ratio below 87% in 2026.
Life & Health: Life new business CSM was EUR 170 million in Q4 and EUR 464 million for the full year; Life insurance service result was EUR 115 million in Q4 and EUR 450 million for the year (above the ~EUR 0.4 billion target).
Capital generation outlook: After a better-than-expected 2025, management expects net-net operating capital generation of 3 to 5 percentage points of solvency ratio in 2026.
Operational efficiency & strategy: EUR 170 million of savings delivered (one year ahead of target); progress on ALM, AI projects and risk-partnership expansion highlighted.
Other items: Economic value up 13.7% at constant economics; return on invested assets 3.6% in Q4 with investment income EUR 209 million; arbitration decision expected mid-2026.
