Scor’s global property and casualty gross written premium grew 8.3% to €4.8 billion ($7.3 billion) last year.

“The group’s non-life reinsurance arm has recorded excellent renewals on all continents – up 9% in January, 6% in April and 8.5% in July last year,” CEO Denis Kessler said.

“This trend has continued at the January 1 2014 renewals, with premium growth of 5%.”

Claims grew to €2.9 billion ($4.4 billion) last year from €2.8 billion ($4.2 billion) in 2012.

Net technical profit for the property and casualty business was €543 million ($828 million), up from €500 million ($762 million). The combined ratio improved by 0.2% to 93.9%.

Scor’s group-wide gross written premium was €10.2 billion ($15.5 billion) last year, up 7.8%.

The bottom line improved by 31% to €549 million ($837 million).