SCOR: Q1 2021 results

At the end of March 2021, SCOR recorded a turnover of 4.125 billion EUR (4.84 billion USD), a decrease of 0.8% compared to Q1 2020.

SCOR Global P&C posted a 2.9% growth in gross written premiums, set at 1.854 billion EUR (2.17 billion USD). With a net combined ratio of 97.1%, the group's non-life activity showed a solid technical profitability during Q1 2021.

On the other hand, the SCOR Global Life entity posted a 3.6% turnover decrease. As of 31 March 2020, the life premiums went from 2.357 billion EUR (2.606 billion USD) to 2.271 billion USD (2.665 billion USD) in 2021.

During the period under review, the group's net result amounted to 45 million EUR (52.8 million USD), compared to 162 million EUR (179.1 million USD) in 2020, thus declining by 72.2%. The return on equity was set at 2.9%.

The group's equity capital reached 6.277 billion EUR (7.36 billion USD). The 232% solvency ratio exceeded the range set by the Quantum Leap strategic plan (185-220%).