Brief: Hannover Rueck Confirms 2025 Guidance

Hannover Rueck SE

13/05/2025 06:34

May 13 (Reuters) - HANNOVER RUECK SE HNRGn.DE:

HANNOVER RE Q1 EBIT MARGIN 11.2%

HANNOVER RE Q1 ROE 16.1%

HANNOVER RE Q1 NET INCOME EUR 480 MILLION

HANNOVER RE Q1 EBIT EUR 696 MILLION

HANNOVER RE Q1 COMBINED RATIO 93.9%

HANNOVER RE Q1 GROSS WRITTEN PREMIUM EUR 6,970 MILLION

REPORTS Q1 NET INCOME OF EUR 480 MILLION

GUIDANCE FOR 2025 CONFIRMED DESPITE COSTLY LARGE LOSSES

LARGE LOSSES OF EUR 765 MILLION IN PROPERTY AND CASUALTY REINSURANCE EXCEED BUDGETED EXPECTATION FOR Q1

Q1 REINSURANCE REVENUE (GROSS) INCREASED BY ALTOGETHER 4.5% TO EUR 7.0 BILLION

LARGEST NET INDIVIDUAL LOSS FOR HANNOVER RE WAS CALIFORNIA WILDFIRES AT A COST OF EUR 631 MILLION

Source text: ID:nEQ6M58k6a

Further company coverage: [HNRGn.DE]

 (Gdansk Newsroom)

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