SCOR SE Act. Prov. Regpt.

SCR: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	PMY	LOCK\|Qv	LOCK\|F&nW@&

Scor: Cycle Management Drives a Mid-Single-Digit Rise in Premiums; Shares Undervalued

Henry Heathfield

Feb 4, 2026

Scor's current approach to managing the cycle steers the business to remaining cautious on climate-sensitive lines and US casualty and directing growth toward diversifying lines, which are mainly specialty lines, and alternative solutions.

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SCOR SE Act. Prov. Regpt.

Scor: Cycle Management Drives a Mid-Single-Digit Rise in Premiums; Shares Undervalued

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