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SCOR The Art & Science of Risk Press Release October 27 , 2021 - N ° 26 First Nine Months 2021 results SCOR records a net income of EUR 339 million , demonstrating its shock - absorbing capacity , and launches a EUR 200 million share buy - back program • . • • • • • • Gross written premiums of EUR 13,047 million in the first nine months of 2021 , up 10.1 % compared with Q3 2020 YTD 1 Net income of EUR 339 million in the first nine months of 2021 , up 151.1 % compared with the first nine months of 2020 Annualized return on equity of 7.3 % in the first nine months of 2021 , 683 bps above the risk- free rate² Estimated solvency ratio of 225 % ³ at end of September 2021 , above the optimal solvency range of 185 % - 220 % as defined in the " Quantum Leap " strategic plan EUR 200 million share buy - back starting October 28 , 2021 , and finalized at the latest by March 2022 : accretive deployment of capital that takes the solvency ratio to 225 % Well - defined and attractive dividend policy pursued Cost ratio of 4.3 % of gross written premiums , more favorable than the " Quantum Leap " assumption of ~ 5.0 % Committed to " Quantum Leap ” plan delivery while preparing actively for the upcoming strategic plan SCOR SE's Board of Directors met on October 26 , 2021 , under the chairmanship of Denis Kessler , to approve the Group's Q3 2021 financial statements . The key highlights are : Strong earnings capacity in a volatile environment Overall , SCOR records a net income of EUR 339 million in the first nine months of 2021 and delivers an estimated solvency of 225 % 4 . In the first nine months of 2021 , SCOR's results were heavily impacted by a series of large natural catastrophes . The total cost of natural catastrophes stands at EUR 708 million ( net of retrocession and before tax ) , in particular driven by European floods and Hurricane Ida in the third quarter of 2021. Those two events had a total impact of EUR 343 million ( net of retrocession and before tax ) . In the first nine months of 2021 , Covid - 19 claims continued to be manageable , standing on the Life 1 At constant exchange rates 2 Based on a 5 - year rolling average of 5 - year risk - free rates ( 43 bps in the third quarter of 2021 ) 3 Solvency ratio estimated at 229 % before share buy - back and at 225 % after share buy - back 4 7 Solvency ratio estimated at 229 % before share buy - back and at 225 % after share buy - back SCOR SE 5 , Avenue Kléber 75795 Paris Cedex 16 , France Tél +33 ( 0 ) 1 58 44 70 00 RCS Paris B 562 033 357 Siret 562 033 357 00046 Société Européenne au capital de 1,469,373,374.58 euros Page | 1