SCOR stock holds firm as reinsurer leans on improved 2024 profitability
Veröffentlicht: 19.07.2026 um 14:10 Uhr, Redaktion AD HOC NEWS, Redaktionelle Verantwortung: Rafael Müller (Chefredaktion)
SCOR SE (ISIN FR0010411983) reported stronger profitability in the first quarter of 2024, with investors in SCOR stock watching how higher premiums and tighter underwriting discipline translate into sustainable returns after several volatile catastrophe seasons, according to the companys investor information for Q1 2024.
Net income rebounds in Q1 2024
According to SCORs published Q1 2024 financial information, the group generated net income of EUR 196 million in the first quarter of 2024, marking a clear rebound from the same period a year earlier when the reinsurer had reported significantly lower earnings due to large natural catastrophe claims and reserve strengthening.
In the same Q1 2024 disclosure, SCOR reported a return on equity of 16.4 percent for the quarter, which the company contrasted with a much lower level in the prior-year period as the business benefited from higher pricing and improved investment income in a higher interest-rate environment.
Premium growth supports scale
The Q1 2024 figures also showed that SCORs gross written premiums increased compared with the first quarter of 2023 as the reinsurer expanded in selected property and casualty segments and maintained a significant presence in life reinsurance markets worldwide.
In its 2023 full-year results, SCOR reported total gross written premiums of around EUR 19.4 billion for the year 2023, compared with approximately EUR 18.0 billion in 2022, underlining that the group managed to grow its top line even as it adjusted its portfolio mix to focus on more profitable contracts.
SCOR investor updates and documents
For more detailed tables on premiums, profitability, capital position, and solvency ratios, investors can review SCORs own investor materials and presentations, which provide the full breakdown behind the headline numbers and strategic priorities.
Capital position and solvency metrics
SCORs 2023 full-year communication indicated that the reinsurers group solvency ratio stood at around 217 percent at the end of 2023, comfortably above the companys stated optimal range and regulatory minimums, giving management room to absorb shocks and continue writing new business.
The same full-year 2023 information showed that SCOR generated net income of approximately EUR 812 million in 2023, compared with a net loss in 2022, highlighting how the transition to a new strategic plan and a more selective underwriting stance helped restore profitability.
Product focus SCOR Global P&C
Within its property and casualty activities, SCOR operates through the SCOR Global P&C division, which focuses on reinsurance solutions for risks such as natural catastrophes, industrial lines, and specialty segments, with premiums from this division representing a substantial share of the groups overall gross written premiums in 2023 and contributing meaningfully to the earnings recovery in Q1 2024.
SCOR stock and market valuation
As of 30 April 2024, SCORs market capitalization was reported in financial data services at roughly EUR 6.0 billion, reflecting how equity investors value the French reinsurer after its return to profitability and the improvement in solvency and earnings metrics over 2023 and into early 2024.
SCOR stock at a glance
- Company: SCOR SE
- ISIN: FR0010411983
- Ticker: EPA: SCR
- Trading venue: Euronext Paris
- Market capitalization: 6.0 billion EUR (as of 30 April 2024)
- Sector / Industry: Financials / Reinsurance
- Index membership: CAC Mid 60
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