SCOR SE (ADR) ( (SCRYY) ) has released its Q4 earnings. Here is a breakdown of the information SCOR SE (ADR) presented to its investors.
SCOR SE is a leading global reinsurer that provides a diverse range of reinsurance and insurance solutions to manage risk, serving clients in over 150 countries. In its fourth quarter of 2024, SCOR SE reported a net income of EUR 233 million, driven by strong performances across its business activities, and proposed a regular dividend of EUR 1.8 per share. Key highlights include a Property & Casualty (P&C) combined ratio of 83.1% and a Life & Health (L&H) insurance service result of EUR 119 million, with investments yielding a regular income of 3.6%. Despite a decrease in Group Economic Value by 6.3%, the solvency ratio remains robust at 210%, indicating strong balance sheet resilience. Looking forward, SCOR SE’s management remains confident in the company’s ability to continue profitable growth by leveraging its Tier 1 franchise and diversifying its lines of business.