SCOR confirms core targets and its ambition to create significant value over 2025-2026

12 December 2024 — Daniela GHETU
During its 2024 Investor Day in London, SCOR presented its new L&H strategy and updated Forward 2026 strategic plan which was approved by Group’s Board of Directors at a meeting held on 11 December 2024.

“We are committed to creating significant value over 2025-2026 and shaping the reinsurer of tomorrow. Our updated strategic plan, Forward 2026, reaffirms our ambition to enhance economic value through strategic initiatives in P&C and L&H, while maintaining sustainability at the core of our ‘raison d’être’. We are leveraging our Tier 1 franchise, refining our capital allocation, and adopting advanced data analytics to ensure a profitable and resilient future. Since the start of Forward 2026, SCOR has made significant progress in fulfilling its ambition: we have simplified the organization and fostered a new culture for faster decision-making processes; we have reserves at adequate levels, as confirmed by external reviews, with some buffers; and we have accelerated the L&H business transformation. With a clear roadmap and dedicated effort, we are on track to deliver significant value to our shareholders, clients, employees, and society as a whole,” Thierry Léger, Chief Executive Officer of SCOR, commented.

SCOR confirmed the two equally weighted targets of Forward 2026, for the remainder of the plan:

  • Financial target: an Economic Value growth rate of 9% per annum, at constant economics1.
  • Solvency target: a solvency ratio in the optimal 185% to 220% range. The Group aims to maintain a AA level of security for its clients.
The Group also maintains an ROE assumption above 12% p.a. over 2025-2026.

SCOR’s ambition with Forward 2026 remains unchanged: to drive value creation for its shareholders, clients, employees, and society as a whole. The Group maintains a controlled risk appetite and disciplined underwriting as it captures business opportunities created by the supportive market conditions, fueling growth in its diversified L&H and P&C portfolios.

Forward 2026 combines the art and science of risk to protect societies, while firmly placing sustainability at the heart of the Group’s raison d’être. As a solutions provider, SCOR contributes to a more resilient society while enhancing its well-being and sustainable development.

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