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HNR1 — Hannover Rueck SE News Story

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Brief: Hannover Re Modifies Dividend Policy

Oct 6 (Reuters) - Hannover Rueck SE HNRGn.DE:

SAID ON SATURDAY: THE EXECUTIVE BOARD OF HANNOVER RE HAS DECIDED TO REALIGN THE COMPANY'S DIVIDEND POLICY

THE PAYOUT RATIO FOR THE REGULAR DIVIDEND WILL BE RAISED TO AROUND 55% OF IFRS GROUP NET INCOME

THE GOAL IS TO DISTRIBUTE A DIVIDEND PER SHARE AT LEAST ON THE LEVEL OF THE PREVIOUS YEAR AND TO INCREASE IT OVER THE LONG TERM

GOING FORWARD, IT IS ENVISAGED THAT AN ADDITIONAL SPECIAL DIVIDEND WILL ONLY BE USED IN EXCEPTIONAL CIRCUMSTANCES

FURTHERMORE, THE GOAL IS TO DISTRIBUTE A DIVIDEND PER SHARE AT LEAST ON THE LEVEL OF THE PREVIOUS YEAR AND TO INCREASE IT OVER THE LONG TERM

THE NEW DIVIDEND POLICY IS TO BE APPLIED FOR THE FIRST TIME WITH EFFECT FROM THE 2025 FINANCIAL YEAR

 Further company coverage: [HNRGn.DE]

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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