Brief: Hannover Re raises premium volume in renewals, posts FY profit of EUR 2.3 bln

Hannover Rueck SE

06/02/2025 06:36

Feb 6 (Reuters) - HANNOVER RUECK SE  HNRGn.DE :
    * PREMIUM GROWTH OF 7.6% IN RENEWALS IN TRADITIONAL PROPERTY
AND
CASUALTY REINSURANCE AS OF 1 JANUARY
    * MODEST AVERAGE INFLATION- AND RISK-ADJUSTED PRICE DECLINE
OF
2.1%
    * GUIDANCE FOR 2025 CONFIRMED: GROUP NET INCOME OF AROUND
EUR 2.4
BILLION
    * WILL PUBLISH ITS AUDITED ANNUAL FINANCIAL STATEMENT ON 13
MARCH
2025
    * RENEWED TREATIES WITH A PREMIUM VOLUME OF EUR 9,304
MILLION,
WHILE TREATIES WORTH EUR 950 MILLION WERE CANCELLED
    * GENERATED REINSURANCE REVENUE OF EUR 26.4 BILLION (EUR
24.5
BILLION) IN 2024
    * FY OPERATING PROFIT (EBIT) AMOUNTED TO EUR 3.3 BILLION
(EUR 1.97
BILLION)
    * FY GROUP NET INCOME INCREASED TO EUR 2.3 BILLION (EUR 1.8
BILLION)

Source text:  ID:nEQ2BLP9ha 
Further company coverage:  HNRGn.DE 

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