February 7, 2018 / 6:47 AM / 5 months ago

Hannover Re sees 2018 net profit of more than 1 bln euros

FRANKFURT, Feb 7 (Reuters) - Hannover Re said on Wednesday that it was optimistic for 2018 after treaty renewals at the start of the year showed a stabilization in prices and forecast full-year net profit of more than 1 billion euros ($1.24 billion).

The German reinsurer anticipates its net profit for this year will come to 950 million euros, lower than the previous year after a spate of natural disasters.

$1 = 0.8074 euros Reporting by Tom Sims; Editing by Maria Sheahan

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