Scor: net loss in Q2

(CercleFinance.com) - Scor reports a net loss of E308m for Q2 2024 (-E283m on an adjusted basis, i.
e. excluding the impact of the change in fair value of the option on Scor's own shares), impacted by the 2024 review of L&H assumptions.

While L&H insurance activities posted a loss of E329m, it claims a continuation of the very strong performance of P&C, with a combined ratio of 86.9% (-1.6 point), and a high current rate of return on investments at 3.6% (+0.5 point).

Scor is actively managing its solvency position and is confident in its ability to maintain its solvency ratio in the optimal solvency zone of 185% to 220% by the end of 2024, CEO Thierry Léger said, while this ratio stood at 201% at end-June.


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