Hannover Re: net profit set to rise this year

(CercleFinance.com) - Hannover Re confirmed on Thursday that it intends to increase its net profit in 2025, as contract renewals took place under good pricing conditions at the beginning of the year.


The German reinsurer says it expects net profit of E2.4bn this year, higher than in 2024, but below the consensus forecast of E2.5bn.

Based on its preliminary data, the group estimates that it will post net profit of E2.3bn, in line with its targets - but again below the consensus of E2.4bn.

Hannover Re announced a 7.6% improvement in premiums in its annual policy renewals in property-casualty reinsurance.

Even so, Hannover Re's shares were still down 2% at noon in Frankfurt after these figures, u,derperforming a 0.4% gain in the DAX index at the same time.


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