6th November 2019

Hannover Re net income up 38.3% for the nine months

Hannover Re increased its Group net income as at 30th September 2019 by a substantial 38.3% to E1,003.2m and is raising its full-year profit guidance in view of this good performance.
"After nine months, we are looking at an excellent result and a very good return on equity", Jean-Jacques Henchoz, ceo of Hannover Re, said. "In life and health reinsurance the good underlying profitability is becoming increasingly evident, while property and casualty reinsurance continues to deliver stable results on a high level despite persistent strains from large losses. A further factor is the very strong investment income, enabling us to raise our profit guidance for 2019 to more than E1.25bn."

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