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SCOR posts €171m net income as P&C combined ratio improves to 79.5%

The reinsurer said its P&C combined ratio tightened to 79.5% versus 82.5% a year earlier, helped by a 2.9% natural catastrophe ratio.

Reported · Written up by our desk · Reinsurance

SCOR reported group net income of €171 million for the second quarter of 2026, citing strong contributions across its business lines.

In property and casualty, the firm said its P&C combined ratio improved to 79.5% from 82.5% in Q2 2025, supported by benign natural catastrophe losses, better attritional claims experience, and additional reserve strengthening. SCOR noted the quarter’s natural catastrophe ratio was 2.9%, with the H1 natural catastrophe ratio at 3.5%.

SCOR also detailed P&C performance drivers and revenue, including P&C insurance revenue of €1.796 billion in Q2 2026, up 0.1% at constant exchange rates but down 2.0% at current exchange rates. It attributed the revenue movement to a positive renewals outcome, partly offset by EGPI revisions and foreign exchange headwinds.

For the life and health segment, SCOR reported Q2 2026 insurance revenue of €1.828 billion, down 5.7% at constant exchange rates and down 8.0% at current exchange rates year over year, while group insurance revenue totaled €3.624 billion for the quarter. Net income was €397 million for the first half of 2026, according to the company.

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