Of the GWP within the full yr ended December 31, 2022, €10 billion got here from property & casualty (P&C) and €9.7 billion from life & well being (L&H).

In the meantime, explaining the group web loss for 2022, SCOR famous: “It displays the mixed impression of [natural catastrophe] claims and drought claims in Brazil (€-204 million) and the non-recognition of DTAs (€-164 million whole annual quantity), whereas the impression of the P&C reserve enhance is broadly offset by the discharge of L&H extra margins in Q3 2022.

“This web loss is diminished in comparison with Q3 2022 because of the group’s robust efficiency and web earnings of €208 million in This autumn 2022.”

Commenting on the numbers, Kessler stated a sustainable return to profitability is crucial.

He added: “A brand new, extremely skilled chief government officer, Mr Thierry Léger, will be a part of the group on Could 1, 2023. He’ll current the broad outlines of his strategic plan on the annual common assembly on Could 25, 2023, and can implement it at once and with nice willpower after presenting it to the buyers in September 2023.

“This may allow the group to take full benefit of its world underwriting platform and technical experience to grab the alternatives out there within the L&H and P&C reinsurance markets, constructing on its standing as a Tier 1 reinsurer. The board of administrators is assured within the group’s capacity to return to development, restore profitability, and reinforce its solvency.”

In the meantime, regardless of the 2022 accounting loss, SCOR is proposing a dividend of €1.40 per share for the fiscal yr.