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5 March 2025Reinsurance

SCOR suffers Q4 margin decline on cats, salvages full year profit

Global reinsurance group SCOR suffered a decline in P&C underwriting profits in the fourth quarter of 2024, leaning instead on its embattled L&H division for profit gain to just barely keep the group’s full-year profits in the black. 

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12 May 2026   CFO says April’s 18.5% book cut need not foreshadow 1/6 attrition.
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12 May 2026   Revenue decline driving an uptick in nat cat and loss component weightings.
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12 May 2026   Walked away from 13% of the book at the start, lost 9.2% of the rest.