Scor Global Life’s gross written premium (GWP) grew 12% to €2.18 billion ($3.17 billion) in the first quarter, partly buoyed by new business growth in the Asia-Pacific region and franchise expansion in Japan.

Net earned premium increased to €2.03 billion ($2.95 billion) from €1.76 billion ($2.56 billion) in the corresponding period last year, while ceded claims declined to €109 million ($158.51 million) from €123 million ($178.89 million).

The net technical result increased to €105 million ($152.67 million) from €86 million ($125.04 million) in the March quarter,

“Our teams have continued to implement successfully the strategic plan Vision in Action,” Chairman and CEO Denis Kessler said.

“At the same time, the group is gaining market share in targeted territories and business lines, as demonstrated by… the strong expansion of the life footprint.”

Overall GWP grew 12% to €3.74 billion ($5.43 billion) and net profit dropped 17.6% to €140 million ($203.51 million).