Shutterstock.com_112302332/Roman Sigaev

13 May 2025Reinsurance

Hannover Re Q1 P&C profit razed by California wildfires

Hannover Re has reiterated its full-year guidance despite first-quarter group net income falling by 13.9% year on year to €480 million ($533 million) due to hefty payouts on the California wildfires.

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