Hannover Re rises on Q3 beat, upgraded guidance

Hannover Rueck SE

10/11/2025 08:19

** Shares in Hannover Re HNRGn.DE rise 3% after the reinsurer posted Q3 net income ahead of consensus and upgraded its FY 2025 guidance

** Analysts at Jefferies expect results to be taken well

** "Strong profitability comes in spite of prudently  booking natural catastrophe losses in line with budget," they say

** The firm also expects 2.7 billion euros  ($3.15 billion) in profit for 2026

** "This is more meaningful than it appears because

management's record of prudence means that it's rare for guidance to be above consensus." - Jefferies

** Stock amongst best performers on Germany's blue-chip index .GDAXI

($1 = 0.8575 euros)

 (Reporting by Paolo Laudani)

 ((Paolo.laudani@thomsonreuters.com))