Scor S/Adr (SCRYY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the SCORE Q4 2025 Results Conference Call. Today's call is being recorded. There will be an opportunity to ask questions after the presentation. In order to give all participants a chance to ask questions, we kindly ask you to limit the number of your questions to two. At this time, I would now like to hand the call to Mr. Thomas Fossard. Please go ahead, sir. Good afternoon, everyone, and welcome to SCORE Q4 2025 Results Conference Call. I'm joined on the call today by Thierry Léger, Group CEO, and François de Varenne, Deputy CEO and Group CFO, as well as other COMEX members. As usual, can I please ask you to consider the disclaimer on page two of the presentation, and now I would like to hand over to Thierry. Thank you, Thomas, and hello, everyone, also from my end. I hope you're doing well, and I thank you for joining SCORE's Q4 earnings call today. SCORE delivered another strong quarter, finishing 2025 on a high note. The group achieved a full-year net income of 846 million euros, the highest level in SCORE's history. The return on equity reached 19.1%. both clearly exceeding group targets. All three businesses contributed to these excellent results, T&C, Life & Health, and Investments, each one delivering quarter after quarter. Our employees executed in a disciplined way on the Forward26 strategic plan. We fully leveraged SCORE's Tier 1 franchise, seeking for every profitable business opportunity. We have continued to grow in a strategic and diversified way. The strong results are also supported by operational excellence and the rigorous cost discipline we established in Forward26. Accordingly, we achieved 170 million euros of savings already after two years, one year ahead of target, allowing us to keep manag...