SCOR reported a solid outcome from the P&C renewals of January 2026, delivering selective growth while maintaining strict underwriting discipline in an increasingly competitive pricing environment.

At the renewals, SCOR achieved EGPI growth of 4.7% in traditional reinsurance and a strong 80.5% increase in Alternative Solutions, supported by a diversified portfolio mix and effective retrocession strategy. As a result, the Group expects an improvement of 2.0 percentage points in its underwriting ratio.

Growth in P&C Lines reached 7.4%, driven by a flight to quality, expansion in APAC and North America, and stronger engagement with core clients. In Specialty Lines, disciplined underwriting and active portfolio steering helped protect margins, with modest growth of 0.3% amid continued pricing pressure. Alternative Solutions maintained strong momentum, largely fueled by capital relief transactions.

“In a more competitive environment, we are satisfied with the outcome of the 1.1 renewals, which combine growth with an adequate level of profitability,” said Jean-Paul Conoscente, CEO of P&C at SCOR. He added that the Group leveraged its Tier 1 franchise to grow with core clients under broadly stable terms and conditions, while continuing to capture profitable opportunities in Alternative Solutions.