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once again in Q1 2021 In Q1 2021, SCOR’s financial results have been impacted by the unique combination of known and modelled Covid-19 claims development and a series of large natural catastrophes, driven by a polar vortex causing Texas Winter Storm Uri. Covid-19 claims are manageable, developing as expected and tracking closely in line with what was previously communicated 1. In Q1 2021, Covid-19 impact stands on the Life side at EUR 162 million 2, of which EUR 145 million comes from the U.S. mortality portfolio, and overall has been stable on the P&C side since December 31, 2020. The SCOR group continues to grow and to absorb shocks. SCOR records a net income of EUR 45 million in Q1 2021 and delivers a very high solvency of 232%, which reflects all expected future Covid-19 impacts and is above the optimal solvency range of 185% to 220% defined in “Quantum Leap”.

United statesOlivier armengaudDenis kesslerEuropean unionCommission delegated regulationTexas winter stormChief executive officerWinter storm uriTexas winter storm uriEuropean storm filomenaHurricanes lauraAirbus defenseTrade credit insuranceSmart creditNew businessFrench autorit