SCOR updates its “Forward 2026” strategic plan

During its Investor Day, held on 12 December 2024 in London, SCOR updated its “Forward 2026” plan and presented its new L&H (life and health) strategy.

In its roadmap, the French group confirmed its two main targets for the remaining period of the 2025-2026 plan:

• financial target: an economic value growth rate of 9% per annum, based on constant economic assumptions,
• solvency target: a solvency ratio within the optimal range of 185%-220%.

The reinsurer is also maintaining a return on equity (ROE) assumption of over 12% p.a. for the next two years.

For the P&C business, the “Forward 2026” strategy remains the same, with an estimated average annual growth rate of 4-6% for insurance revenue and a net P&C combined ratio of less than 87%.

It is worth recalling that, in July 2024, SCOR carried out a review of its L&H business assumptions. The company unveiled its in-depth strategy for improving L&H profitability, which was centered on four axes:

• increase new business margins,
• accelerate product mix shift towards capital-efficient, high-margin products,
• strengthen management of current policies,
• improve competitiveness through greater operating efficiency.