Scor Shs Prov Regpt (SZCRF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the SCORE Q2 2025 results conference call. This call is being recorded. There will be an opportunity to ask questions after the presentation by pressing star and one on your telephone keypad. 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 Fussar. Please go ahead, sir. Good afternoon, and welcome to SCORE Q2 2025 Results Confirmed School. My name is Thomas Fossard, Head of Investor Relations, and I'm joined today on the call by Thierry Léger, Group CEO, François de Varenne, Deputy CEO and Group CFO, Jean-Paul Condescente, PNC CEO, as well as other COMEX members. On slide two, can I please ask you to consider the disclaimer of the presentation? And now, I would like to hand over to Thierry. Thierry, over to you. Thank you, Thomas. Good afternoon, everyone, and thanks for joining the call today. Let me have some high-level remarks on Score's six-month performance before turning to François and Jean-Paul for more details. Overall, I'm very satisfied with the level and the quality of the results since the start of the year, with all our three businesses contributing positively. In P&C, the portfolio is in a very good state, as demonstrated by the excellent underlying nutritional loss ratio. This is the result of our Forward 2026 plan, where we target profitable and diversifying lines of business. We feel well positioned in the current market and able to continue to deliver on our strategic priorities also in going forward. We have steered our capital allocation proactively in the last six months by adapting our portfolio mix to the more competitive market we are in. On top of it, we...