SCOR has reported a 61% rise in net income to €53m, compared to €33m for the first quarter of 2005. Operating income shot up 64% to €99.8m, up from €61m.
The group also recorded an 18% jump in gross written premiums, which totalled €734m, while net earned premiums rose 8% to €582m.
Denis Kessler, chairman and chief executive officer, said: “The 1st quarter 2006 is characterised by a series of positive developments from the SCOR group.
"Non-life January 1 renewals in Europe and those of April 1 in Asia are very satisfactory. Non-life written premiums are up 31%. The combined ratio is 97.3%.
"The group is on the move. It benefits from larger degrees of freedom so as to take advantage of the positive current environment, in both the reinsurance as well as the financial markets."
