SCOR: results for the first three quarters of 2025

After recording a net loss of 229 million EUR (255.6 million USD) at end-September 2024, SCOR returned to profitability one year later. The French reinsurer closed the first nine months of 2025 with a net profit of 642 million EUR (752.8 million USD).

Insurance revenue, equivalent to turnover under IFRS 17, totalled 11.595 billion EUR (13.6 billion USD), representing a 4.5% decrease year on year.

The Group’s economic value, which includes equity and the contractual service margin (CSM), rose by 1.6% to 8.536 billion EUR (10 billion USD).

The solvency ratio stood at 210%, at the upper end of the optimal range of 185% to 220%.

SCOR P&C, the Group’s non-life division, generated insurance revenue of 5.504 billion EUR (6.5 billion USD) over the period. The combined ratio improved by 4.6 percentage points to 82.8%, supported by disciplined underwriting and limited natural catastrophe losses.

Meanwhile, the life and health (L&H) division reported insurance revenue of 6.091 billion EUR (7.1 billion USD), down 5.3% from the same period last year.