Scor reported a net loss for the first six months of the year on Tuesday, the French reinsurer having been penalized by the 2024 review of assumptions for its L&H ("life and health") division.

The group's net income was in negative territory, with a loss of 308 million euros for the first six months of the year, compared with a profit of 192 million euros a year ago.

"The ongoing 2024 review of L&H assumptions, which will be completed by the end of the year, has resulted in a significant negative impact on our Q2 2024 results," CEO Thierry Léger said in a statement, stressing that he was "disappointed" by the division's results.

Details of the L&H business strategy and the assumptions and objectives of the "Forward 2026" plan will be presented on December 12, said Thierry Léger. (Reported by Elena Smirnova, edited by Augustin Turpin)