Hannover Re sees improve in Q1 internet earnings

It’s the flip of Talanx Group’s Hannover Re to disclose the way it carried out within the first quarter of 2023.

Reporting for the primary time utilizing the brand new monetary reporting requirements, Hannover Re posted the next outcomes:

Of Hannover Re’s reinsurance income within the first quarter, €4.6 billion got here from property & casualty reinsurance whereas life & well being contributed €1.97 billion.

“With the consequence for the primary three months, we now have achieved greater than 1 / 4 of the full-year steerage of no less than €1.7 billion and are thus very a lot on target,” chief govt Jean-Jacques Henchoz mentioned in a launch.

“On the identical time, we now have additional strengthened our resilience. Within the face of the present challenges, we’re thereby remaining a dependable accomplice for our purchasers.”

The CEO added: “Within the renewal negotiations at April 1 we have been capable of construct additional on the numerous enhancements in costs and circumstances achieved within the January 1 renewals. We’ve thus put in place one other main cornerstone to safe Hannover Re’s long-term profitability.”

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