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Hannover Rueck SE

HNRGn.DE

Latest Trade

153.70EUR

Change

-0.10(-0.07%)

Volume

103,355

Today's Range

152.65

 - 

154.05

52 Week Range

120.70

 - 

166.80

As of on the XETRA ∙ Minimum 15 minute delay

Latest Developments

Hannover Rueck SE Says FY Net Profit Falls To EUR 883 Mln

March 11 (Reuters) - Hannover Rueck SE <HNRGn.DE>::DGAP-NEWS: HANNOVER RÜCK SE: HANNOVER RE BEATS EARNINGS GUIDANCE FOR 2020 AND RAISES ORDINARY DIVIDEND.FY NET PROFIT 883 MILLION EUR VERSUS 1.3 BILLION EUR YEAR AGO.DIVIDEND 4.50 EURPER SHARE.SAYS HANNOVER RE BEATS EARNINGS GUIDANCE FOR 2020 AND RAISES ORDINARY DIVIDEND.SAYS GROSS PREMIUM GROWS BY 12.0% ADJUSTED FOR EXCHANGE RATE EFFECTS.SAYS GROUP NET INCOME AMOUNTS TO EUR 883 MILLION (PREVIOUS YEAR: EUR 1.3 BILLION).SAYS RETURN ON EQUITY REACHES 8.2% (13.3%).SAYS PROPOSED ORDINARY DIVIDEND OF EUR 4.50 (EUR 4.00) PER SHARE.SAYS PAYMENT OF A SPECIAL DIVIDEND OMITTED IN LIGHT OF CURRENTLY AVAILABLE MARKET OPPORTUNITIES.SAYS GUIDANCE FOR 2021 CONFIRMED - GROUP NET INCOME IN RANGE OF EUR 1.15 BILLION TO EUR 1.25 BILLION.SAYS MAJOR LOSS EXPENDITURE HIGHER THAN ANTICIPATED FOR FOURTH YEAR IN SUCCESSION.SAYS CONFIDENT THAT WE SHALL ACHIEVE ALL OUR TARGETS FOR 2021 FINANCIAL YEAR AND RETURN TO VERY GOOD LEVEL OF PROFITABILITY RECORDED IN 2019.SAYS FOR 2021 HANNOVER RE EXPECTS TO GROW ITS GROSS PREMIUM IN TOTAL BUSINESS BY AROUND 5% BASED ON CONSTANT EXCHANGE RATES.SAYS FOR 2021 ASSET PORTFOLIOS SHOULD CONTINUE TO GROW.SAYS IN VIEW OF ANTICIPATED POSITIVE CASH FLOW. RETURN ON INVESTMENT SHOULD REACH A LEVEL OF AROUND 2.4%..

Hannover Rueck To Pay At Least €4/Shr Dividend For 2020

Feb 4 (Reuters) - Hannover Rueck SE <HNRGn.DE>::WE WILL PAY DIVIDEND OF AT LEAST 4 EUR PER SHARE FOR 2020.SPECIAL DIVIDEND SUBJECT TO GROWTH OUTLOOK.WE DIDN'T INCREASE OUR PROVISIONS FOR POSSIBLE CANCELLATION OF OLYMPICS. (Berlin Speed Desk). ((berlin.newsroom(at)thomsonreuters.com; +49 30 2201 33599;)).

Hannover Re Posts Group Net Income For 2020 Of EUR 883 Mln

Feb 4 (Reuters) - Hannover Rueck SE <HNRGn.DE>::DGAP-NEWS: HANNOVER RE GROWS PREMIUM ON IMPROVED PRICES IN 1 JANUARY TREATY RENEWALS AND CONFIRMS GUIDANCE FOR 2021.SAYS HANNOVER RE GROWS PREMIUM ON IMPROVED PRICES IN 1 JANUARY TREATY RENEWALS AND CONFIRMS GUIDANCE FOR 2021.SAYS AVERAGE PRICE INCREASE OF 5.5% ON RENEWED BUSINESS.SAYS FURTHER IMPROVEMENTS IN PRICES AND CONDITIONS EXPECTED OVER COURSE OF YEAR.SAYS GUIDANCE FOR 2021 CONFIRMED - GROUP NET INCOME OF EUR 1.15 BILLION TO EUR 1.25 BILLION.SAYS GROUP NET INCOME FOR 2020 REACHES EUR 883 MILLION BASED ON PRELIMINARY KEY FIGURES.Further company coverage: <HNRGn.DE>. (Reporting By Berlin Newsroom). ((berlin.newsroom@thomsonreuters.com;)).

Moody's -UK top court ruling credit-negative for UK insurers, reinsurers

Jan 15 (Reuters) - MOODY'S SAYS SUPREME COURT INSURANCE JUDGMENT IS CREDIT-NEGATIVE FOR INSURERS, REINSURERS: (Reporting By Carolyn Cohn). ((carolyn.cohn@thomsonreuters.com;)).

Fca - Business Interruption - Supreme Court Judgment

Jan 15 (Reuters) - FCA - BUSINESS INTERRUPTION - SUPREME COURT JUDGMENT:FCA - WILL BE WORKING WITH INSURERS TO ENSURE THEY MOVE QUICKLY TO PAY CLAIMS THAT JUDGMENT SAYS SHOULD BE PAID, MAKING INTERIM PAYMENTS AS POSSIBLE.FCA - SUPREME COURT HAS SUBSTANTIALLY ALLOWED FCA'S APPEAL ON BEHALF OF POLICYHOLDERS.FCA - INSURERS SHOULD ALSO COMMUNICATE DIRECTLY AND QUICKLY WITH POLICYHOLDERS WHO HAVE MADE CLAIMS AFFECTED BY JUDGMENT TO EXPLAIN NEXT STEPS..

UK insurers will settle business interruption claims as soon as possible-trade body

Jan 15 (Reuters) - :ASSOCIATION OF BRITISH INSURERS SAYS WELCOMES THE CLARITY SUPREME COURT INSURANCE JUDGMENT WILL BRING TO A NUMBER OF COMPLEX ISSUES.ASSOCIATION OF BRITISH INSURERS SAYS ALL VALID CLAIMS WILL BE SETTLED AS SOON AS POSSIBLE AND IN MANY CASES THE PROCESS OF SETTLING CLAIMS HAS BEGUN. (Reporting By Carolyn Cohn). ((carolyn.cohn@thomsonreuters.com;)).

Hannover Re 9M Operating Profit Drops By 35% Y/Y

Nov 4 (Reuters) - Hannover Rueck SE <HNRGn.DE>::HANNOVER RE EXPECTS GROUP NET INCOME OF MORE THAN EUR 800 MILLION FOR 2020 FINANCIAL YEAR.OUTLOOK FOR 2021: GROUP NET INCOME IN RANGE OF EUR 1.15 BILLION TO EUR 1.25 BILLION.GROUP EARNINGS GUIDANCE OF MORE THAN EUR 800 MILLION FOR 2020.GROUP NET INCOME OF EUR 667.8 MILLION LOWER THAN PREVIOUS YEAR DUE TO COVID-19 RESERVES.ADDITIONAL RESERVES FOR COVID-19 IN Q3 IN LINE WITH EXPECTATIONS.RETURN ON EQUITY REACHES 8.3%.SHAREHOLDERS' EQUITY RISES BY 2.8% TO EUR 10.8 BILLION.GROSS PREMIUM UP BY 12.3% IN FIRST NINE MONTHS ADJUSTED FOR EXCHANGE RATE EFFECT.IN LIFE AND HEALTH REINSURANCE BURDEN FROM COVID-19 CURRENTLY STANDS AT EUR 160 MILLION.GROSS WRITTEN PREMIUM FOR GROUP INCREASED BY 10.9% AS AT 30 SEPTEMBER 2020 TO EUR 19.3 BILLION (EUR 17.4 BILLION).NET PREMIUM EARNED CLIMBED BY 9.6% TO EUR 15.8 BILLION (EUR 14.4 BILLION), EQUIVALENT TO 11.1% ADJUSTED FOR EXCHANGE RATE EFFECTS.OPERATING PROFIT (EBIT) WAS DOWN 35.3% FROM PREVIOUS YEAR'S LEVEL AT EUR 902.9 MILLION (EUR 1,395.4 MILLION).NET INCOME CONTRACTED BY 33.4% TO EUR 667.8 MILLION (EUR 1,003.2 MILLION).EARNINGS PER SHARE REACHED EUR 5.54 (EUR 8.32).RETURN ON INVESTMENT SHOULD BE AROUND 2.7% AND GROSS WRITTEN PREMIUM FOR GROUP SHOULD SHOW GROWTH IN HIGH SINGLE-DIGIT PERCENTAGE RANGE ADJUSTED FOR EXCHANGE RATE EFFECTS.FOR RENEWALS AS AT 1 JANUARY 2021 IN PROPERTY AND CASUALTY REINSURANCE HANNOVER RE THEREFORE EXPECTS TO BOOK INCREASED PREMIUM INCOME AND HIGHER PRICES.

Hannover Re Sees Significant Price Increases In Property And Casualty Reinsurance

Sept 14 (Reuters) - Hannover Rueck SE <HNRGn.DE>::HANNOVER RE ANTICIPATES SIGNIFICANT PRICE INCREASES IN PROPERTY AND CASUALTY REINSURANCE.INSURERS AND REINSURERS UNDER STRAIN FROM LOW INTEREST RATE ENVIRONMENT, LARGE LOSSES AND COVID-19 PANDEMIC.RISING DEMAND FOR COVERAGE FROM FINANCIALLY ROBUST REINSURERS.MARKET ENVIRONMENT SUPPORTS ALREADY DISCERNIBLE TREND REVERSAL TOWARDS HIGHER PRICES.HANNOVER RE SEES PROFITABLE GROWTH OPPORTUNITIES ACROSS A BROAD FRONT.FOR BOTH INSURERS AND REINSURERS, 2020 REMAINS DOMINATED BY THE ONGOING COVID-19 PANDEMIC AND THE ASSOCIATED LOSSES AS WELL AS BY THE SUSTAINED LOW INTEREST RATE ENVIRONMENT AND RESULTING IMPACTS ON PROFITS.IN BOTH THE PRIMARY AND THE REINSURANCE MARKET, THEREFORE, TECHNICAL PROFITABILITY WILL MOVE CENTRE STAGE ON A LASTING BASIS – ALSO WITH A VIEW TO PRESERVING THE INDUSTRY'S FUTURE RISK-BEARING CAPACITY.IN THE SECOND HALF OF THE YEAR, A SERIES OF MAJOR LOSS EVENTS HAS OCCURRED.LARGE LOSS EXPENDITURE FOR THE THIRD QUARTER (EXCLUDING COVID-19) IS THEREFORE LIKELY TO REMAIN AT THE ANTICIPATED LEVEL.

Hannover Re Names Clemens Jungsthoefel CFO

Aug 7 (Reuters) - Hannover Rueck SE <HNRGn.DE>::DGAP-NEWS: HANNOVER RE CFO ROLAND VOGEL IS RETIRING - CLEMENS JUNGSTHÖFEL FROM HDI GLOBAL TO TAKE OVER HIS ROLE.CLEMENS JUNGSTHÖFEL APPOINTED TO EXECUTIVE BOARD OF HANNOVER RE AND E+S RÜCK EFFECTIVE 1 SEPTEMBER 2020.ROLAND VOGEL STEPPING DOWN FROM HIS POSITIONS ON EXECUTIVE BOARDS OF HANNOVER RE AND E+S RÜCK EFFECTIVE 30 SEPTEMBER 2020.

Hannover Rueck Sets Aside €380 Mln For Pandemic, No 2020 Guidance

Aug 5 (Reuters) - Hannover Rueck SE <HNRGn.DE>::DGAP-NEWS: HANNOVER RE ACHIEVES PROFIT OF EUR 402 MILLION FOR THE HALF-YEAR DESPITE SUBSTANTIALLY INCREASED RISK PROVISION FOR COVID-19.RESERVES FOR COVID-19 STRENGTHENED SUBSTANTIALLY IN FIRST HALF-YEAR.GROSS PREMIUM GROWS BY 12.2% ADJUSTED FOR EXCHANGE RATE EFFECTS.INCREASED DEMAND FOR REINSURANCE COVERAGE RESULTS IN SOMETIMES SIGNIFICANTLY IMPROVED PRICES AND CONDITIONS.GROUP NET INCOME OF EUR 402 MILLION.GUIDANCE FOR 2020 CURRENTLY STILL NOT POSSIBLE.IN Q2 HANNOVER RE SET ASIDE RESERVES FOR ESTIMATED LOSSES ASSOCIATED WITH COVID-19 IN AN AMOUNT OF EUR 380 MILLION.OUR BUSINESS MODEL IS GEARED TO MANAGING SUCH EXTREME EVENTS.GROSS WRITTEN PREMIUM FOR PROPERTY AND CASUALTY REINSURANCE INCREASED BY 16.9% AS AT 30 JUNE 2020 TO REACH EUR 9.2 BILLION.ANTICIPATES LOSSES AMOUNTING TO EUR 31.1 MILLION FOR TORNADOS IN UNITED STATES AND EUR 26.3 MILLION FOR BUSHFIRES IN AUSTRALIA.INFLUENCE OF COVID-19 ON LIFE AND HEALTH REINSURANCE MODERATE.COMBINED RATIO CLIMBED TO 102.3% FOR PROPERTY-CASUALTY DIVISION.AFTER FACTORING OUT LOSS RESERVES RELATING TO COVID-19 AND ALLOWING FOR LARGE LOSS EXPENDITURE WITHIN BUDGET, COMBINED RATIO WOULD HAVE REACHED 97.6%.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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