P&C insurance revenues reached €1,795 million in the fourth quarter, down -1.6% at constant exchange rates (down 7.0% at current exchange rates) compared to the fourth quarter of 2024.
In the fourth quarter of 2025, L&H insurance revenues amounted to €1,988 million, up 2.9% at constant exchange rates (-3.3% at current exchange rates) compared to the fourth quarter of 2024.
Scor posted a net income of €208 million (€214 million adjusted) in the fourth quarter of 2025, supported by all business lines.
For the full year 2025, the reinsurer reported a net income of €851 million (€846 million adjusted), representing a return on equity of 19.2% (19.1% adjusted).
The group solvency ratio stood at 215% as of 31 December 2025, at the upper end of the optimal solvency range of 185%-220%, and up 5 percentage points compared to fiscal year 2024 and the first nine months of 2025.
Scor SE is the leading French reinsurance company. Gross written premiums per activity are distributed as follows:
- life and health reinsurance (52.5%);
- non-life reinsurance (47.5%): reinsurance against damages (coverage for damage to industrial and commercial property, vehicles, ships, and stored or transported merchandise, coverage for losses due to fire, and civil liability coverage) and specialties (coverage for risks in the agriculture, aviation, construction and credit guarantee fields).
Geographic distribution of written premiums is as follows: France (15.2%), Europe (46%), the Far East (21.7%), North America (6.5%), South America (2.4%), Africa (0.5%) and other (7.7%).
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