SCOR full-year outcomes take a beating



This fall 2022

This fall 2021



Gross written premium (GWP)

€4.9 billion

€4.6 billion

€19.7 billion

€17.6 billion

Web revenue / (loss)

€208 million

€118 million

€(301 million)

€456 million


Of the GWP within the full yr ended December 31, 2022, €10 billion got here from property & casualty (P&C) and €9.7 billion from life & well being (L&H).

In the meantime, explaining the group internet loss for 2022, SCOR famous: “It displays the mixed affect of [natural catastrophe] claims and drought claims in Brazil (€-204 million) and the non-recognition of DTAs (€-164 million complete annual quantity), whereas the affect of the P&C reserve improve is broadly offset by the discharge of L&H extra margins in Q3 2022.

“This internet loss is lowered in comparison with Q3 2022 because of the group’s sturdy efficiency and internet revenue of €208 million in This fall 2022.”

Commenting on the numbers, Kessler mentioned a sustainable return to profitability is crucial.

He added: “A brand new, extremely skilled chief govt officer, Mr Thierry Léger, will be part of the group on Could 1, 2023. He’ll current the broad outlines of his strategic plan on the annual normal assembly on Could 25, 2023, and can implement it at once and with nice dedication after presenting it to the traders in September 2023.

“This may allow the group to take full benefit of its world underwriting platform and technical experience to grab the alternatives obtainable within the L&H and P&C reinsurance markets, constructing on its standing as a Tier 1 reinsurer. The board of administrators is assured within the group’s skill to return to development, restore profitability, and reinforce its solvency.”

In the meantime, regardless of the 2022 accounting loss, SCOR is proposing a dividend of €1.40 per share for the fiscal yr.

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