Hannover Re: Q3 earnings down 22%
(CercleFinance.com) - Hannover Re has announced Q3 net profit of 265.
5 million euros, down 22% y-o-y. EPS reached 2.2 euros over the period.
At the end of the first nine months of the year, the German reinsurer's net profit fell 33.4% to 667.8 million euros.
Hannover Re expects FY net profit of over 800 million euros.
It expects its ordinary dividend for 2020 to be the same as last year's, i.e. 4 euros per share.
The group currently expects to 2021 earnings of 1.15-1.25 billion euros
It says that the outlook for the coming year depends on developments in the pandemic.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
5 million euros, down 22% y-o-y. EPS reached 2.2 euros over the period.
At the end of the first nine months of the year, the German reinsurer's net profit fell 33.4% to 667.8 million euros.
Hannover Re expects FY net profit of over 800 million euros.
It expects its ordinary dividend for 2020 to be the same as last year's, i.e. 4 euros per share.
The group currently expects to 2021 earnings of 1.15-1.25 billion euros
It says that the outlook for the coming year depends on developments in the pandemic.
Copyright (c) 2020 CercleFinance.com. All rights reserved.