SCOR SE stock briefly breaks through its €32 support level and remains under pressure

A decline of 2.73% that tests the €32.06 support threshold

SCOR SE falls 2.73% to €32.02 during the session, after closing at €32.92 the previous day. The stock briefly broke through its €32.06 support during the session, touching a low of €32.04, before slightly recovering above it. This level now constitutes the immediate technical demarcation line: the price is trading below its 20-day moving average (€32.91, -2.70% variance) and below its 50-day moving average (€33.48, -4.36% variance), but remains above its 200-day moving average at €31.08, which offers underlying support.

With an RSI at 49, the momentum is neutral, with no marked oversold signal despite today's pressure. The movement is occurring in a slightly negative market context: the SBF 120 is down 0.55% during the session, and the CAC 40 is down 0.56%.

Mixed half-year results and contained valuation for the stock

During the publication of H1 2026 results (July 30, 2026), SCOR SE reported a decline in insurance revenues of 5.6%, including -8.6% in the life and health (L&H) segment, and operating cash flow down 40.5% to €325 million. These figures contrasted with a 10.5% increase in economic value at constant economic assumptions and 4.6% growth in the P&C CSM on new business over one year. Over a twelve-month rolling period, the stock maintains growth of 7.67%, which tempers the monthly decline of 5.27%.

According to the consensus of surveyed analysts, the stock is trading at approximately 7.3 times current fiscal year earnings, a modest valuation for a reinsurer whose earnings per share growth is expected at +3.2% year-over-year. The resistance level at €34.30 represents the next zone to break through to resume an upward dynamic.