Scor: quarterly net loss impacted by L&H review

(CercleFinance.com) - Scor has reported a net loss of 117 million euros for the third quarter of 2024, impacted by the 2024 review of L&H assumptions, but adjusted for non-recurring items, its net income would be 150 million.


The reinsurer thus boasts a good underlying performance, reflecting in particular 'a very strong P&C performance, with a combined ratio of 88.3% in the third quarter and enabling the maintenance of a disciplined reserving policy'.

Scor also points to a positive trend in the underlying performance of L&H, with earnings from L&H insurance activities of 81 million euros (adjusted for non-recurring items), as well as a high current rate of return on investments of 3.5%.

Its solvency ratio is estimated at 203% at September 30, 2024, within the optimal solvency range of 185-220%, 'with negligible additional impact from the completion of the L&H assumption review and the implementation of an efficient third-party capital solution'.

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