Scor Reports Strong Q2 2025 Financial Results Amid Low Natural Disaster Claims

Scor, the French reinsurance group, announced robust financial results for the second quarter of 2025, achieving a net profit of €226 million, a stark recovery from the €308 million loss reported during the same period last year. This performance is marked by a return on equity (RoE) of 22.6%, exceeding analyst expectations of 17.9%. In the property and casualty reinsurance segment, Scor reported an insurance profit of €241 million, which is a 19.6% increase despite a 9.7% drop in premium revenues, totaling €1.83 billion. This decline in premiums was attributed to a significant contract commutation that negatively impacted results.

The combined ratio, a key measure of underwriting efficiency, was outstanding at 82.5%, surpassing market expectations of 83.1%, primarily due to an unusually low natural disaster claims charge of just 3.8% for the quarter. In life and health reinsurance, Scor’s results rose to €118 million, also exceeding analyst predictions of €108 million and significantly improving from a loss of €329 million a year earlier. Scor reported a slight decline in life insurance premiums down 3.3% to €1.98 billion, yet a contractual service margin (CSM) of €136 million surpassed forecasts of €93 million.

As of June 2025, Scor's solvency ratio stood impressively at 210%, with its economic value evaluated at €8.5 billion. The group noted that it had stabilized technical profitability for renewed business, which represents approximately 14% of its property and casualty reinsurance premiums, while also reducing its exposure in U.S. liability lines. Additionally, Scor has been informed of an arbitration request from Covéa regarding contractual disputes, which the company deems unfounded.