French reinsurer Scor on Friday reported a 6% rise in first-quarter insurance revenues to 4.11 billion euros, boosted by the performance of its property-casualty and liability (P&C) business.

"In P&C, we continue to benefit from very attractive market conditions with a combined ratio of 87.1%, and we remain committed to our prudent reserving approach," Scor CEO Thierry Léger said in a statement.

The combined ratio for this business, at 87.1%, benefited from a low natural catastrophe loss ratio of 7.2%, with insurance revenues of 1.84 billion euros, the group said.

Scor also reported an annualized return on equity (RoE) of 17.3% and a solvency ratio up to 215%.

However, net income for the first quarter came to 196 million euros, compared with a consensus figure of 209 million provided by the group.

(Written by Diana Mandiá, edited by Kate Entringer)