SCOR O.N.

The SCOR share rose on Euronext Paris by around 3.3% and reached a 52-week high after the publication of Q2 results. SCOR reported a net profit of €171m in the second quarter and €397m in the first half. The loss-and-expense ratio in the P&C segment remained stable for the second consecutive quarter at 79.5%, underscoring operational discipline. Positive analyst remarks from Morgan Stanley and RBC, along with a supportive market environment, helped drive the price movement. » More on de.investing.com

Scor reported better-than-expected profitability for the first quarter: the underwriting result in the P&C business was 8.5% above estimates, and net profit exceeded forecasts by 14.2%. The loss-cost ratio improved to 79.5% (‑1.8 percentage points); catastrophe losses were 1.5 percentage points lower, and the contractual service margin in P&C new business surpassed estimates by 13.5%. Prices in new business fell by 2.4% but remained above the cost of capital; reinsurance costs declined. Alternative business grew strongly (+71.7%) with a slightly weaker technical margin. Life & Health results beat expectations despite a one-off charge of €64 million; return on equity reached 16.3% and the Solvency II ratio stood at 220%. » More on de.investing.com