Scor reported fourth-quarter net income of €208 million, beating analyst expectations of €170 million, driven by robust underwriting performance across its property and casualty and life and health divisions. The French reinsurer's property and casualty combined ratio reached 80.9%, well below the 84.8% consensus, reflecting strong underlying results and continued reserve strengthening.

For the quarter, the natural catastrophe ratio stood at 7.6%, below budget at 10%, with Hurricane Melissa accounting for 6.2 percentage points. The life and health division delivered €115 million in service results, 15% above the €100 million consensus. Full-year combined ratio hit 82.3%, within Scor's target range under its Forward 2026 strategic plan.

The company's solvency ratio reached 215% as of December 31, up 5 percentage points from 2024, placing it in the upper optimal range. Scor proposed a €1.9 per share dividend for fiscal year 2025, up 5.6% from the prior year, subject to shareholder approval at the April 28 annual meeting.