Résultats du troisième trimestre 2025 : Résultat net de EUR 217 millions au troisième trimestre 2025, contribuant à un excellent résultat net de EUR 642 millions sur les neuf premiers mois de l’année

Core Insights - SCOR reported a net income of EUR 217 million for Q3 2025, contributing to a total net income of EUR 642 million for the first nine months of the year [1][6][19] - The company achieved an annualized Return on Equity (RoE) of 22.1% in Q3 2025, reflecting strong performance across all business lines [3][5][23] - The combined ratio in Property & Casualty (P&C) insurance improved to 80.9% in Q3 2025, down from 88.3% in Q3 2024, indicating effective underwriting and a low level of natural disaster activity [4][10][23] Financial Performance - Net income for Q3 2025 was EUR 217 million, with an adjusted figure of EUR 211 million, driven by all business lines [4][5][19] - The P&C segment reported a combined ratio of 80.9% for Q3 2025, with a natural disaster loss ratio of 2.7% [4][10] - Life & Health (L&H) insurance activities generated a result of EUR 98 million in Q3 2025, aligning with expectations [12][14] Investment Performance - The current yield on investments was 3.5%, with attractive reinvestment rates [5][15] - The economic value of the group, measured under IFRS 17, was EUR 8.5 billion as of September 30, 2025, reflecting a 12.7% increase at constant economic assumptions [8][24] - Total invested assets amounted to EUR 23.4 billion, with a high-quality bond portfolio [15][24] Solvency and Capital Management - The estimated solvency ratio of the group was 210% as of September 30, 2025, within the optimal solvency range of 185%-220% [7][24] - The company maintained a stable solvency ratio, reflecting limited net capital generation and neutral market evolution during the quarter [7][24] Business Segments - P&C insurance revenues for Q3 2025 were EUR 1,813 million, a decrease of 1.6% at current exchange rates compared to Q3 2024 [9][21] - L&H insurance revenues decreased by 9.6% to EUR 1,900 million in Q3 2025 compared to the previous year [14][21] - The company continues to generate new business in L&H, with EUR 82 million in new business CSM for Q3 2025 [14][19]