Hannover Re publishes full-year financials

Hannover Re publishes full-year financials

Hannover Re, which is alleged to be the sector’s 3rd biggest reinsurer, has revealed its profits document for 2022.

Right here’s how Hannover Re, a part of Talanx Crew, fared all through the yr:





Gross written top rate (GWP)

€33.3 billion

€27.8 billion

Web underwriting consequence

€(124.5 million)

€(211.1 million)

Web funding source of revenue

€2.1 billion

€1.9 billion

Running benefit

€2.1 billion

€1.7 billion

Crew web source of revenue

€1.4 billion

€1.2 billion


Of the crowd GWP, €24.2 billion got here from belongings & casualty (P&C) reinsurance whilst lifestyles & well being (L&H) reinsurance contributed €9 billion. On the subject of working benefit, the cut up stood at €1.4 billion and €737 million, respectively, for P&C and L&H reinsurance.

When it got here to web source of revenue, P&C noticed a decline of 18.7% to €880 million, whilst L&H loved a surge from €197 million to €588 million within the corporate’s newest set of financials.

Leader government Jean-Jacques Henchoz commented: “Within the 2022 monetary yr we as soon as once more demonstrated Hannover Re’s resilience. The surroundings by which we’re working stays difficult. Assets & casualty reinsurance, specifically, noticed heavy losses in 2022 from herbal catastrophes, the conflict in Ukraine, and the pandemic.

“Because of just right benefit contributions from the investments and from lifestyles & well being reinsurance, we have been nonetheless ready to ship a delightful staff web source of revenue. Construction in this luck, we will be offering our shareholders the possibility of an much more horny dividend.”

The dividend distribution to be proposed at Hannover Re’s annual normal assembly is €6 consistent with proportion.

Supply Through https://www.insurancebusinessmag.com/us/information/breaking-news/hannover-re-publishes-fullyear-financials-439095.aspx