SCOR Reports Strong Q4 2024 Performance with EUR 233 Million Income

Author: Dominic Sanders Updated: 03-05-2025 01:30 AM

SCOR's Robust Q4 2024 Financial Performance

In the latest quarterly results, SCOR SE demonstrated impressive financial strength, reporting a net income of EUR 233 million for Q4 2024. This performance reflects the success of all business operations as the company navigates the complexities of the reinsurance market.

Key Highlights of Q4 2024

The group net income of EUR 233 million, which is adjusted to EUR 235 million, showcases solid growth in various sectors including Property & Casualty (P&C) and Life & Health (L&H) insurance. The P&C combined ratio stood at a competitive 83.1%, aided by a lower natural catastrophe ratio. Furthermore, the investments yielded a strong return with an income yield of 3.6% for the quarter.

Capital Strength and Dividend Proposal

SCOR's estimated solvency ratio reached an impressive 210% as of the end of 2024, placing it comfortably within the optimal range. This robust capital position has supported the board's decision to propose a regular dividend of EUR 1.8 per share for the 2024 fiscal year. Shareholders will have the opportunity to vote on this at the upcoming Annual General Meeting set for late April 2025.

Performance Across Business Segments

Examining the performance of different segments, the P&C insurance revenue for Q4 2024 totaled EUR 1,929 million. Despite a minor decrease compared to the previous year, this indicates a strong foundational performance influenced by disciplined reserving practices and a proactive approach to market conditions.

Life & Health Sector

In the L&H segment, SCOR reported a commendable insurance service result of EUR 119 million driven by effective insurance management and favorable amortization rates. This segment continues to be a vital growth area for the company, demonstrating resilience amidst varying market dynamics.

Investment Strength and Future Outlook

SCOR’s investment portfolio is robust, featuring total invested assets of EUR 24.2 billion. The firm focuses on maintaining a high-quality fixed-income portfolio, which constitutes 78% of its assets and is reviewed to align with current strategic objectives.

As market conditions evolve, SCOR is dedicated to leveraging its strong capital base and diversified business model to enhance its competitive position. CEO Thierry Léger expressed confidence in continuing to grow profitably through upcoming strategic initiatives.

Frequently Asked Questions

What was SCOR's net income for Q4 2024?

SCOR reported a net income of EUR 233 million in Q4 2024.

What is the proposed dividend for the fiscal year 2024?

The board has proposed a regular dividend of EUR 1.8 per share for 2024.

How did the P&C segment perform in Q4 2024?

The P&C insurance revenue stood at EUR 1,929 million, with a combined ratio of 83.1%.

What is SCOR's solvency ratio?

The estimated solvency ratio as of the end of 2024 was 210%.

What investment yield did SCOR achieve in Q4 2024?

SCOR achieved a regular income yield of 3.6% during Q4 2024.

About The Author

Dominic Sanders here, a writer and financial specialist committed to helping my readers understand the world of finance. Having a strong financial background and a lot of experience, I concentrate on using my blog posts and articles to translate difficult financial subjects into understandable, doable advice. My goal in writing is to arm you with the information and skills need to make wise financial choices.

Writing for several financial blogs has let me interact with a wide range of readers, from novice investors seeking new perspectives to seasoned investors. My mission is to make money understandable and approachable so you may confidently take charge of your financial future. I appreciate you walking this road with me to success and financial literacy.

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