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]