SCOR P&C at a Glance

SCOR Global P&C is uniquely

positioned to capture profitable

growth opportunities

September 9, 2020

2

SCOR is a Tier 1 Global Reinsurer

Note: All figures are as of February 27, 2020

Strong global franchise with more than

4,000 clients38 offices

€841 millionoperating cashflow

€46.9 billionbalance sheet

€6.4 billionShareholders’ equity

3 028 employeeswith high level of

expertise

€16.3 billionGross written premium

226%Solvency II ratio

AA- AA- A+Aa37 September 2015from “A+” to “AA-”

21 July 2015, from “A+” to “AA-”

1 September 2017, from “A” to “A+”

23 September 2016, from “A1” to “Aa3”

3

SCOR has all the vital qualities to meet a growing demand for increasingly sophisticated (re)insurance products

A market leader with the critical size

A very strong global franchise with active go-to-business approach

A superior expertise in Life and P&C (re)insurance

A proven ability to weather shocks and financial turmoil

A global independent Tier 1 reinsurer with a ‘AA-’ rating

SCOR builds on its proximity to clients throughout the World and on its recognized Tier 1 strengths to pursue its growth

4

The Covid-19 pandemic and the way it is managed reveal an increase in risk aversion within modern societies

SCOR is well-placed in this new beneficial environment for the reinsurance industry

5

SCOR is well positioned to capture profitable growth

opportunities

Absorption of the Covid-19 pandemic shock

Clear profitable growth opportunities ahead

Strong balance sheet with superior rating and optimal solvency

Global scalable platform powered by the use of new technologies

SCOR reaffirms its strategy based on Consistency and Transformation to capture profitable opportunities and enhance value creation

6

Focusing on the twofold objective of profitability and solvency, with equal weight

Respecting an upper mid-level risk appetite

Ensuring strict adherence to cornerstones Focusing on technical profitability Maintaining a prudent asset management

Accelerating investment in technology to enhance operational efficiencies …

… and expanding capabilities to better serve clients

Filtering all businesses through value creation metrics

Actively preparing IFRS 17

Enhancing value creation through accelerating growth in a new and supportive environment

Consistency Transformation

7

SCOR P&C Quantum Leap Summary

1) Value of New Business after risk margin and tax

Environment& Key actions for “Quantum

Leap”

1. Firming (re)insurance market conditions

2. Technology is creating new pools of risks and disrupting the ways (re)insurers operate

3. Value chain is shortening along insurance risk transfer path

1. Actively redeploy capital on value-creative segments, markets and clients

2. Grow P&C Partners as an innovation enabler, catalyst, and accelerator (ILS growth, cyber expertise, Ventures franchise) and foster operational excellence

3. Deploy a 360° risk taking platform, built on expertise and integrated systems

SCOR P&C’s Actions & Initiatives: 3 PillarsForces influencing the environment

SGPC is well positioned

SCOR P&C is well positioned to benefit from the evolution of the P&C (re)insurance sector through its global franchise and strengths

Proximity Expertise Value-added services Operational excellenceAgility

SCOR Global P&C expects to exceed “Quantum Leap” assumptions in 2021

81) EGPI (Estimated Gross Premium Income), Underwriting Year2) Could be revised down if market not improving as expected - At constant exchange rates3) Value of New Business after Risk Margin and tax

Growth

Technical Profitability

GWP annual growth~4% to 8%

Combined Ratio~95% to 96%

“Quantum Leap” assumptions

EGPI1) growth: +15%2)

GWP growth : +11%2)

Combined ratio trending down to ~95%

and below

Revised 2021 assumptions

Value Creation

VNB3) annual growth~6% to 9%

VNB3) annual growth~7% to 10%

91) Agriculture, Aviation & Space, Credit & Surety, Engineering, Inherent Defect Insurance, Marine & Energy (previously Specialty Lines)2) Includes non-Channel Lloyd’s business (Reinsurance and 3rd Party Capital Provision)

Alternative Solutions & Technical

Development

P&C Ventures & Strategic

Partnerships

Retrocession, Outwards

Reinsurance & 3rd Party Capital

UnderwritingMgmt (Specialty

Insurance & Reinsurance)

P&C PARTNERS

SPECIALTY INSURANCE

Single Riskunderwriting

Portfoliounderwriting

Nor

thAm

eric

a

Sout

hAm

eric

a

EMEA

APAC

REINSURANCE

Globallines of

Business (1)

EMEA

(2)

APAC

Amer

icas

PropLiabty

Auto

PropLiabty

Auto

PropLiabty

Auto

Claims Finance & Planning

TRANSVERSE FUNCTIONS

LegalPricing & Modelling

Reserving, Capital Modelling, Risk Management

Strategy, Business Development,

Marketing

CLIENT

SCOR P&C leverages its business and organization for clients’ benefit

Global Casualty and Cat CUOs

10

Laurent RousseauDeputy CEO

& CEO Specialty Insurance

Sylvie Van VietCEO P&C Partners,

Incl. retrocessionand UW management

Michel BlancCEO Reinsurance

Jean-Paul ConoscenteCEO

Stuart WilloughbyClaims

Catherine FassiFinance & Planning

Simon WrightLegal

Ecaterina NisipasuReserving, Capital Modellingg

Tony NeghaiwiPricing & Modelling

Pierre FavennecStrategy, Business Development, Marketing

Backed by transversal subject

matter experts

P&C Leadership team

Umberto GavazziDeputy-CEOReinsurance

and regional CEOs:

CEO AmericasJohn Jenkins

CEO Asia Pacific Christoph Spichtig

ReinsuranceClients have a direct access to underwriting decision makers

11

Glo

bal L

ines

of B

usin

ess

Credit & Surety CUO: Tobias Povel

Aviation & Space CUO: Andrea Sommerlad

Inherent Defect Insurance CUO: Jean Tuccella

Engineering CUO: Andreas Arnold

Marine & Energy CUO: Sylvain Gauden

Agriculture CUO: Rene Kunz

CEO ReinsuranceMichel Blanc

Deputy-CEO Reinsurance Umberto Gavazzi

AmericasCUO: Frank Coglianese

CEO: John Jenkins

EMEACUO: Doug Lacoss

Asia-PacificCUO: Eric Jenck

CEO: Christoph Spichtig

Global Casualty CUO: Bill KaplanGlobal Cat CUO: Thomas Haegin

12

MELaurent RousseauSCOR Global P&C’s Deputy CEO

& CEO Specialty Insurance

NorthAmerica

LatinAmerica

Stuart McMurdo (CEO)

APAC

Tom Corfield (2)

Michael Ahn

Specialty InsuranceClients have direct access to underwriting decision makers & regional managers

1) Frederic Dhers, Head of Continental Europe & MEA2) Tom Corfield, Head of London Market

12

EMEA Line ManagersConstruction Tim ChapmanProperty Nicola HannayEnergy Philippe Borgniet & Caroline HaquetCasualty Bertrand Le GallFinancial Lines Sarah Longworth

North America Line ManagersMatt Thinnes Construction

Peter Rizacos PropertyGerald Fahrenthold Energy

Patrick Christie CasualtyMargaret Rose Financial Lines

Latin America Line ManagersFernando Diaz Construction

Juan Fernando Blanco Ospina PropertyVinicius Bergamaschi Energy

APAC Line ManagersConstruction Kun Hong Ho & Steven TangProperty An Choo YeoEnergy Pierre-Louis MigairouCasualty Tae Han Kim

François HoussaisDeputy Chief Underwriting OfficerHead of Property

Gregory DelaisseMarine & Transport

Stéphane RivesSpace & Aviation

Eric Le MercierAlternative Solutions

Gillian AndersonCyber

Jim FinnamoreEnvironmental Impairment Liability

Rupert OnslowFine Art & Specie

Kade SpearsPolitical & Credit risks

Matt Bishop

Daniel CarrerasCasualty & Financial lines

Nick FortiDeputy Chief Underwriting Officer

Active underwriter Channel

David CosseratEnergy

Olivier PerrautChief Underwriting Officer

Isabelle KowalskiConstruction

Global Line Heads

Henry SturgeLloyd’s Property Direct & Fac

Portfolio underwritingAmericas: Benjamin AurayEMEA: Christian Portela

Christianna VandoornePolitical Violence

James ParkerLegal Expense

Kaoru Fujita

Fabio Pinho (CEO)

Rodolphe Hervé (CEO)EMEA

Frederic Dhers (1)

13

Energy

Property & Power

Environmental Impairment Liability

Fine Art

Proactive commercial management in 4 regions

Adapted to local clients’ needs in APAC, EMEA, Latin America & North America

Technical expertise in a comprehensive product range

1st & 3rd party covers to tangible & intangible assets

Global license infrastructure

Insurance or reinsurance licenses, with a paper-flexible approach

Insurance• SCOR Europe• SCOR Europe UK Branch• GSNIC• GSINDA• ESSOR• SCOR UK Canada Branch

Mixed• SCOR UK• Channel Syndicate at Lloyd's

of London

Reinsurance• SCOR SE• SCOR Re (US)• SCOR Brazil• SCOR Asia Pacific

(Singapore, Korea, Labuan, Australia)

• SCOR Asia (Hong-Kong)

Specialty Insurance: broadening our commercial network and product range to better address clients’ needs

CLIENTSMotor Extended

Warranty

Legal Expenses

AlternativeSolutions

Construction

Casualty

Cyber

Marine

Space

Financial Lines

Political & Credit RisksPolitical Violence

Aviation

14

• 3rd party capital solutions’ design and partnerships

• Global technical & expertise centre for business development

• Accelerator of SGPC’s existing (re)insurance businesses

• Incubator of new risks and business ideas

• Innovation lab fostering and deploying technology-driven solutions

• Use of Reinsurance / Insurance in an agnostic way

P&C Partners

Specialty InsuranceReinsurance

Clients

P&C Partners: an innovation enabler, catalyst, and accelerator for the benefit of clients

SCOR promotes thought leadership: recent papers focus upon technology and the most important topics impacting the (re)insurance sector

Latest PublicationsSCOR Campus

in-person or virtual training seminars for clients only

Technical Newsletters and FOCUS

• Insuring the construction of megaprojects with a view to a sustainable future

• When drought strikes

• Marine Insurance – IMO 2020: the perfect storm

• Introduction to parametric insurance

• Water Security

• Implications of Automated Vehicles on the Motor Market

• From Capital Management to Capital Optimization

• Drones and Insurance

• Volcanic Risk and Insurance

• Guides to Earthquake

• Guides to Agriculture insurance

• Guide to Inherent Defect Insurance

Training sessions on:• Reinsurance knowledge transfer• Technical trainings like Engineering,

Marine/Aviation, Onshore Energy

• Transversal trainings like Cyber, Claims, BI/CBI, Natural Catastrophes

+25 P&C in-person training seminars in Paris and various locations:

15

16

SCOR Global Life: ‘‘North American Reinsurer of the Year’’

Nicholas Nudo: ‘‘Underwriting Star of the Year’’

SCOR: ‘‘Romanian Reinsurer of the Year’’

SCOR: ‘‘Reinsurer of the Year’’

SCOR: ‘‘Outstanding contribution to the Romanian insurance industry”

2017

SCOR: Reinsurer of the year

Chief Risk Officer Frieder Knüpling is elected Vice Chairman of the CRO Forum

SCOR Investment Partners: ‘‘Energy and Ecological Transition for Climate"

SCOR: “General reinsurer of the year” by Asia Insurance Review

2018

Highly commended Modelling team of the year

CRO of the year: Frieder Knüpling

Chief actuary of the year: Eric Lecoeur

Coverage innovation of the year for using the new UK ILS regime to issue a Cat Bond

SCOR: ‘‘North American Reinsurer of the Year’’

SCOR: “Outstanding Reinsurance Scheme Award - Life Insurance”

2019

Climate change leader: Michèle Lacroix

2020

The strength of the SCOR group’s strategy is recognized by industry experts