German reinsurer Hannover Re on Wednesday posted a 18% rise in net income in the first half of 2023, helped by its life and health insurance unit and investment income, and it said it was confident about meeting its full-year targets.
Tag: Hannover Re profits
Hannover Re Q1 Profit Rises, Reinsurance Revenue Edges Down; Confirms FY23 View
German reinsurer Hannover Re reported Thursday that its first-quarter Group net income went up 13 percent to 484 million euros from last year’s 428 million euros.
Hannover Re’s Income Robust but Large Losses Impact Underwriting Result
Global reinsurer Hannover Re has outperformed its Group profit guidance of more than €800 million for 2020 despite the significant impacts of the COVID-19 pandemic, which, alongside other large losses pushed the firm’s property and casualty (P&C) combined ratio into unprofitable territory. Group net income declined from the €1.3 billion posted in 2019 but did… Continue reading Hannover Re’s Income Robust but Large Losses Impact Underwriting Result
Hannover Re Misses Combined Ratio Target as Large Losses Impact Q3 Results
German reinsurer Hannover Re has posted strong growth in its net income over the first nine months of 2019, but its combined ratio (CR) missed targets due to the large losses incurred during the third quarter. At September 30, Hannover Re’s net income for 2019 stood at €1.0 billion, representing a 38.3% increase when compared… Continue reading Hannover Re Misses Combined Ratio Target as Large Losses Impact Q3 Results
Hannover Re Increases Half-Year Profit by About 19%
Hannover Re can look back on a successful first half-year both in property and casualty reinsurance and in life and health reinsurance. The investments also continued to develop favourably despite the sustained challenging interest rate environment. “In the 1 June and 1 July treaty renewals in property and casualty reinsurance we were able to secure… Continue reading Hannover Re Increases Half-Year Profit by About 19%