SCOR SE shareholders approved a €1.90 per share dividend for the 2025 financial year and signed off on a refreshed board, as the French reinsurance group capped a year that CEO Thierry Léger (pictured above) described as one of disciplined execution.
The payout, cleared at the combined ordinary and extraordinary general meeting at the company's Paris headquarters chaired by Fabrice Brégier, marks a 5.6% lift from the €1.80 distributed for 2024 and extends a two-year run of dividend increases at the reinsurer.
The ex-dividend date is set for May 4, 2026, with payment scheduled two days later.
The dividend follows a stretch of strong underwriting that fed into the January 2026 P&C renewals, where SCOR posted an 80.5% surge in Alternative Solutions premiums and 4.7% growth in traditional reinsurance.
Jean-Paul Conoscente, CEO of P&C at SCOR, said the company was "satisfied with the outcome of the 1.1 renewals, which combine growth with an adequate level of profitability," with capital relief transactions cited as a core driver.
Group net income reached €642 million across the first nine months of 2025, with the P&C combined ratio improving to 80.9% from 88.3%. The company has since reported full-year net income of €851 million and a return on equity of 19.2%, with IFRS 17 Economic Value of €8.5 billion at year-end.
Léger said the figures reflected delivery "quarter after quarter" under the group's Forward 2026 strategic plan.
Shareholders reappointed four sitting directors – Adrien Couret, Thierry Léger, Vanessa Marquette and Augustin de Romanet – and confirmed two new appointments.
Jacques Aigrain, who had sat on the board as an observer since the April 2025 shareholder meeting (a position disclosed at the time), steps up to a full directorship.
The dual Swiss-French citizen led Swiss Re as chief executive from 2006 to 2009 and spent two decades at JPMorgan Chase across New York, London and Paris, according to disclosures from SCOR. He currently chairs LyondellBasell and Tradeweb Markets.
Jean-François Lequoy joins the board with a deep French insurance pedigree. A Polytechnique graduate, he served as deputy chief executive of AGF, director general of the French Insurers' Federation from 2008 to 2014, and head of insurance at Natixis, before being named deputy CEO of Groupe BPCE in 2020 with responsibility for finance and strategy, biographical disclosures show.
Brégier acknowledged the departure of Thomas Saunier, the representative of Holding Malakoff Humanis, whose mandate concluded at the close of the gathering.
The governance updates land alongside reaffirmed credit ratings, with AM Best in February maintaining SCOR's Financial Strength Rating at A (Excellent) and Long-Term Issuer Credit Rating at "a+" with stable outlooks. The agency cited the reinsurer's very strong balance sheet while flagging reliance on soft capital components as a watch item.
On audit, shareholders appointed PricewaterhouseCoopers Audit as statutory auditors and renewed KPMG SA, with KPMG's remit extended to cover certification of sustainability-related disclosures.
