SCOR-SPONSORED ADR Business Summary

SCOR SE (ticker: SCRYY) is a leading global tier-1 reinsurer that generates revenue through the provision of diversified reinsurance and insurance solutions across two primary business segments: SCOR Property and Casualty (P&C) and SCOR Life and Health (L&H). The company operates on a global scale, utilizing its "The Art & Science of Risk" framework to manage complex risk portfolios for approximately 5,000 clients in over 150 countries. Revenue is primarily derived from insurance premiums and investment income from its managed asset portfolio, which supports its long-term solvency and capital generation targets under the "Forward 2026" strategic plan. SCOR competes directly with industry giants such as Munich Re, Swiss Re, and Hannover Re, maintaining a market position as one of the world's top five reinsurers by gross written premiums, distinguished by its technical underwriting discipline and specialized expertise in alternative risk transfer solutions. Originally founded in 1970 with the backing of the French government, SCOR is currently led by Chief Executive Officer Thierry Léger, a veteran of the reinsurance industry who previously held senior leadership roles at Swiss Re. The executive team includes Group CFO Philipp Rüede, who assumed the role in March 2026 after leading the L&H division, and Sofia Kyriakopoulou, who serves as the Group Chief Technology, Data & AI Officer to drive the company's digital transformation. The Board of Directors is chaired by Fabrice Brégier, the former CEO of Airbus and Palantir France, whose background in large-scale international operations and big data provides strategic oversight. Notable institutional presence on the shareholder register includes the French mutual insurance group Covéa, which remains a significant strategic stakeholder alongside a fragmented base of global institutional investors.