ROE remained flat at 10.2%
French reinsurer SCOR has reported a 13% rise in net income to €418m ($576m) in its 2010 full-year results.
Gross written premium also rose for the group – up to €6.69bn from €6.38bn in 2009.
SCOR ‘s non-life reinsurance net combined ratio was 98.9% in 2010, despite major loss events during the year, such as windstorm Xynthia in Europe, earthquakes in Chile, Haiti and New Zealand, and floods in Australia.
For shareholders, return on equity remained flat at 10.2% year-on-year.
SCOR chairman and chief executive Denis Kessler said: “SCOR records very good performances in 2010 across all lines of business. The record net income of €418m enables the group’s management to propose a dividend of €1.10 per share, representing an increase of 10% compared to the previous year and an unchanged payout ratio.
“SCOR’s strategy - based on a controlled risk appetite, strengthening the franchise, balanced development between life and non-life business, and significant geographic and business diversification - has been crowned with success.”