Home BEST INSURANCE Hannover Re sees improve in Q1 internet earnings

Hannover Re sees improve in Q1 internet earnings

by Life Insurance
0 comment
Hannover Re sees increase in Q1 net income

Hannover Re sees improve in Q1 internet earnings | Insurance coverage Enterprise America

Figures the primary set launched beneath new monetary reporting requirements

Hannover Re sees increase in Q1 net income

Insurance coverage Information

Terry Gangcuangco

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:


Q1 2023

Q1 2022

Reinsurance income (gross)

€6.57 billion

€6.61 billion

Reinsurance service consequence (internet)

€568 million

€421 million

Internet earnings from investments

€381 million

€393 million

Working revenue/loss

€720 million

€598 million

Group internet earnings

€484 million

€428 million


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.”

What are your ideas on Hannover Re’s monetary outcomes? Share what you suppose within the feedback beneath.

Associated Tales

You may also like

Leave a Comment

[the_ad id="6230"]