Core Viewpoint - SCOR P&C is conducting a conference call regarding the January 2026 renewals, with key insights expected to be shared by the CEO and the Head of Investor Relations [2]. Group 1 - The conference call is being led by Thomas Fossard, Head of Investor Relations, and includes Jean-Paul Conoscente, CEO of SCOR P&C [2]. - SCOR's full year results for 2025 are scheduled to be released on March 4, indicating that detailed financial performance will not be discussed during this call [2]. - Participants are reminded to refer to the press release and presentation slides for renewal information, emphasizing the focus on renewals rather than broader financial results [2][3].

Group 1 - The article does not provide any specific content related to a company or industry [1]

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]

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][22] - The annualized Return on Equity (RoE) for Q3 2025 was 22.1%, reflecting strong performance across all business segments [3][24] - The Group's solvency ratio was estimated at 210% as of September 30, 2025, indicating a stable financial position within the optimal range [7][26] Group Performance - The Group achieved a net income of EUR 217 million in Q3 2025, with an adjusted figure of EUR 211 million [4][22] - The Property & Casualty (P&C) combined ratio improved to 80.9%, down from 88.3% in Q3 2024, driven by disciplined underwriting and low natural catastrophe activity [4][11] - Life & Health (L&H) insurance service result was EUR 98 million, with experience variance in line with expectations [4][15] Investment Performance - Total invested assets amounted to EUR 23.4 billion, with a regular income yield of 3.5% [16][17] - The return on invested assets was reported at 3.3%, a slight decrease from 4.0% in the previous quarter [18][24] - The reinvestment rate stood at 4.0% as of September 30, 2025, reflecting favorable market conditions [19][24] Economic Value - The Group's Economic Value under IFRS 17 was EUR 8.5 billion as of September 30, 2025, representing a 12.7% increase at constant economics compared to December 31, 2024 [8][26] - Economic Value per share was EUR 48.12, showing a slight increase from EUR 48.03 at the end of 2024 [26][25] Business Segment Insights - P&C insurance revenue for Q3 2025 was EUR 1,813 million, a decrease of 1.6% at current exchange rates compared to Q3 2024 [10][22] - L&H insurance revenue decreased by 9.6% to EUR 1,900 million compared to the same quarter in the previous year [12][22] - The P&C insurance service result increased significantly to EUR 255 million, up 60.4% year-over-year [10][22]

Group 1: Stocks with Strong Earnings Estimates - IGC Pharma, Inc. (IGC) has seen a 27.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - SCOR SE (SCRYY) has experienced a 6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Royal Bank of Canada (RY) has seen a 5.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Universal Insurance Holdings, Inc. (UVE) has experienced a significant 63.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Avino Silver & Gold Mines Ltd. (ASM) has seen an 18.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] Group 2: Zacks Rank 1 (Strong Buy) Stocks - A complete list of today's Zacks 1 Rank (Strong Buy) stocks is available [4]

Group 1: SCOR SE (SCRYY) - SCOR SE is a reinsurance company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for SCOR SE's next year earnings has increased by 6% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 6.15, which is lower than the industry average of 8.80 [1] - SCOR SE possesses a Value Score of A [1] Group 2: Universal Insurance Holdings, Inc. (UVE) - Universal Insurance Holdings, Inc. is an insurance holding company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for Universal Insurance's current year earnings has increased by 63.8% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 6.59, compared to the industry average of 12.80 [2] - Universal Insurance possesses a Value Score of A [2]

Core Viewpoint - The article highlights three stocks with strong income characteristics and a buy rank for investors to consider as of October 24 Group 1: Stock Analysis - SCOR SE (SCRYY) is a reinsurance company with a Zacks Consensus Estimate for current year earnings increasing by 6% over the last 60 days and a dividend yield of 4.1%, significantly higher than the industry average of 1.7% [1] - Royal Bank of Canada (RY) is a diversified financial services company with a Zacks Consensus Estimate for current year earnings increasing by 5.3% over the last 60 days and a dividend yield of 3.1%, slightly above the industry average of 3% [2] - Universal Insurance Holdings, Inc. (UVE) is an insurance holding company with a Zacks Consensus Estimate for current year earnings increasing by 63.8% over the last 60 days [2]

Core Points - SCOR SE announced the redemption of €63.6 million in outstanding undated subordinated notes issued on October 1, 2014 [1] - The early redemption has received prior approval from the French regulatory authority [2] - All redeemed notes will be cancelled in accordance with the terms and conditions [2] Company Overview - SCOR is a leading global reinsurer offering a diversified range of reinsurance and insurance solutions to manage risk [3] - The company generated premiums of €20.1 billion in 2024 and serves clients in over 150 countries from 37 offices worldwide [3] - The redemption of the notes follows a tender offer in December 2024, which allowed the company to redeem €186.4 million of subordinated notes from the same series [6]

Group 1 - SCOR successfully placed EUR 500 million subordinated notes maturing in 2055, which are eligible as Tier 2 regulatory capital under Solvency II, indicating strong investor demand for the transaction [1][3] - The initial fixed rate of the notes is set at 4.522% per annum, payable annually until 2035, after which it will switch to a variable rate based on 3-month EURIBOR plus a margin [2][3] - The estimated net proceeds from the notes will be utilized for general corporate purposes, including financing a concurrent tender offer for EUR 600 million subordinated notes due in 2046 [3] Group 2 - SCOR generated premiums of EUR 20.1 billion in 2024 and operates in over 150 countries with 37 offices globally, showcasing its extensive market presence [7] - The notes are rated A- by S&P Global Ratings Europe Limited, reflecting the company's creditworthiness [3]

Group 1 - SCOR SE has launched a cash tender offer to purchase its EUR 600 million Fixed to Reset Rate Subordinated Notes due June 2046, with a maximum acceptance amount of EUR 500 million [1][2][4] - The company intends to issue new Euro-Fixed to Floating Rate Subordinated Notes, which will be eligible as Tier 2 regulatory capital under Solvency II, with proceeds used for general corporate purposes and to finance the tender offer [2][4] - The tender offer will take place from September 2, 2025, to September 8, 2025, and results will be announced shortly after the expiration [3][4] Group 2 - A priority allocation mechanism for the new notes may be applied for holders of existing notes who participate in the tender offer [3] - The tender offer and the issuance of new notes are part of the company's proactive management of its financing structure [4]