FRANKFURT Nov 6 Hannover Re beat
forecasts with net profit that rose by 63 percent to 265.5
million euros ($339 million) in the third quarter, helped by
surging investment income and a dearth of big damage claims.
The world's third biggest reinsurer, in which German insurer
Talanx holds a majority stake, had been expected to
report quarterly net profit of 213 million euros, the average of
nine forecasts in a Reuters poll of banks and brokerages showed.
Hannover said it expected net income to exceed 800 million
euros this year and be at about that level in 2013.
It added that it was too early to say what its share of the
damage claims from Hurricane Sandy in the United States would
($1 = 0.7823 euros)
(Reporting by Jonathan Gould)