SCOR announced January 2025 P&C Reinsurance Renewals results, according to which demand for reinsurance coverage remains elevated. Following an increase in capital supply, the market conditions have become slightly more competitive compared to the peak level of the cycle observed last year.

In this context, SCOR maintains strict underwriting discipline and successfully grows its preferred lines according to its Forward 2026 growth strategy, keeping T&Cs mostly stable and maintaining the net profitability of its P&C Reinsurance book unchanged.

The report key takeaways:

• In line with its Forward 2026 strategic plan, SCOR continues to grow its P&C preferred lines while maintaining a strong underwriting discipline.
• During the January 2025 P&C renewals, SCOR achieves EGPI growth of 9.6% supported by Specialty lines and Alternative Solutions:
  • Increasing EGPI by 8.1% for Engineering, Marine, IDI and International Casualty;
  • Leveraging the strong momentum in Alternative Solutions and growing EGPI by 29.6%;
  • Maintaining a prudent approach to business exposed to climate change and US Casualty.
• SCOR’s expected technical profitability remains unchanged at attractive level benefitting from dynamic retrocession buying.

“We are satisfied with the successful 1.1 2025 renewals results. SCOR achieves a +9.6% EGPI growth while maintaining a stable technical profitability. We continue to deliver targeted growth in our preferred lines of business, while keeping T&Cs mostly unchanged. Despite the slight rate reduction observed in the market, SCOR successfully maintains stable pricing thanks to its proactive portfolio management. Looking ahead, we believe the market still offers opportunities for profitable growth. SCOR will continue to leverage on its Tier 1 franchise and build on the strong momentum achieved during the 1.1 renewals”, commented Jean-Paul Conoscente, CEO for P&C at SCOR.

The full report can be found here.