Germany's Hannover Re 2025 net income rises as premiums increase

Hannover Rueck SE

05/02/2026 06:41

Overview

German reinsurer's 2025 net income reached EUR 2.64 bln, meeting earnings target, and higher than EUR 2.33 bln a year ago

Company's premium volume in property and casualty reinsurance renewals grew 3.3%

Hannover Re confirms 2026 guidance for net income of at least EUR 2.7 bln

Outlook

Hannover Re expects 2026 net income of at least EUR 2.7 bln

Company projects mid-single-digit growth in traditional reinsurance revenue for 2026

Hannover Re anticipates a combined ratio below 87% in the Property & Casualty reinsurance business group in 2026

Result Drivers

PREMIUM GROWTH - Hannover Re achieved a 3.3% increase in premium volume in property and casualty reinsurance renewals, despite a 3.2% decline in risk-adjusted prices

SPECIALTY LINES EXPANSION - Specialty lines grew by 5.8%, with credit, surety, and political risks achieving double-digit growth

REGIONAL PERFORMANCE - Premium volume in the Americas grew by 6.5%, while Europe, Middle East, and Africa saw a 0.4% increase

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Gross Written Premium
Miss
EUR 26.80 bln
EUR 27.16 bln (13 Analysts)
FY Net Income
EUR 2.64 bln
FY EBIT
EUR 3.50 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the reinsurance peer group is "buy"

Wall Street's median 12-month price target for Hannover Rueck SE is €296.50, about 19.7% above its February 4 closing price of €247.80

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nEQ7zMNVHa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)