Hannover Re: earnings up in a 'difficult' market

(CercleFinance.com) - On Wednesday Hannover Re reported solid 2019 income, while specifying that its market environment remains "difficult".


Over the past financial year, the German reinsurer posted net income that is up 21% at 1.3 billion euros for gross revenues from insurance premiums that is up 18% at 22.6 billion euros.

The world's third largest reinsurer said that it will pay a dividend of 5.5 euros per share for 2019, including an ordinary dividend of four euros per share and an "extraordinary" component of 1.5 euros per share.

In comparison, the reinsurer paid a dividend of 5.25 euros for 2018.

For 2020, Hannover Re said to project an annual net income of around 1.2 billion euros.

The share is flat in late morning trading on the Frankfurt Stock Exchange.


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