SCOR has posted net income of €208m for the fourth quarter of 2025 (Q4 2025), a decrease of 10.5% from €233m in the same period of the previous year.
The reduction was noted across its business segments.
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Insurance revenue dropped 5.1% to €3.7bn, while gross written premiums (GWP) declined by 9.6% to €4.5bn.
Operating results for the quarter increased by 14.8% to €334m.
Property and casualty (P&C) insurance revenue for Q4 amounted to €1.8bn, a decrease of 1.6% at constant exchange rates compared with the prior year.
The company cited prior portfolio adjustments in its SCOR Business Solutions unit and higher competition in property insurance as contributing factors.
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By GlobalDataThe P&C combined ratio improved to 80.9% from 83.1%.
The natural catastrophe ratio for the quarter stood at 7.6%. For the full year, it was 6.8%, below budget forecasts despite events such as wildfires in LA and hurricane Melissa.
Life and health (L&H) insurance revenue reached €1.98bn in Q4, an increase of 2.9% at constant exchange rates compared to Q4 2024.
SCOR reported that new business generation added €170m to its L&H contractual service margin in the quarter.
On an annual basis, SCOR recorded net income of €851m for 2025, up from €4m in the previous year.
Full-year insurance revenue fell by 4.6% to €15.3bn, while GWP were down by 6.8% to €18.7bn. Operating results totalled €1.3bn for the year, up from €298m in 2024.
For fiscal year 2025, SCOR announced a proposed dividend of €1.9 per share, up by 5.6% on last year’s payout.
SCOR CEO Thierry Léger said: “Driven by the disciplined execution of our Forward 2026 strategic plan and the exceptional commitment of our teams, SCOR demonstrated the robustness of its leading franchise and diversified business model. We delivered, quarter after quarter, very solid results across all our activities.
“P&C maintained excellent underlying performance and continued to build prudence at a pace faster than planned. L&H benefitted from the decisive actions taken in 2024 and a rigorous focus on execution throughout the year reporting an insurance result above guidance and a satisfactory experience variance.”
Last month, SCOR entered a partnership with Baobab Insurance through its Lloyd’s syndicate to expand underwriting support for CyberSafe policies in Germany and Austria.
