German reinsurer Hannover Re sees shares climb on dividend boost

Hannover Rueck SE

12/03/2026 08:59

** Shares in German reinsurer Hannover Re HNRGn.DE rise over 2% as earnings and dividend beat consensus

** The proposed dividend is set 5% ahead of expectations at 12.50 euros ($14.43), which reflects a payout ratio of around 57%, in line with the company's new strategy to pay out around 55% of earnings, J.P.Morgan says

** Jefferies says revenues, operating profit and net income are all better than consensus expected despite the addition of 700 mln euros to reserve buffers and 573 mln euros of proactive realisation of fixed income losses

** Hannover Re's underlying profitability in property and casualty reinsurance was strong, with a normalised combined ratio and resilience reserve additions boding well for future profitability, JPM says

** "Hannover Re has demonstrated in these results that it can deliver attractive capital returns and underpin returns for future periods" - JPM

($1 = 0.8662 euros)

 (Reporting by Bernadette Hogg)

 ((bernadette.hogg@thomsonreuters.com))