3 May 2012 News

Hannover Re reports Q1 ROE of 20.2 percent

German reinsurer Hannover Re has achieved a 20.2 percent return on equity for the first quarter of 2012, up from 4.7 percent in the first quarter of 2011.

The reinsurer also posted a net income of €261 million for the first three months of the year.

Ulrich Wallin, chief executive officer of Hannover Re, said that the key drivers were the company’s underwriting results in non-life and life/health reinsurance, as well as investment income.


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More on this story

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16 November 2023   The fine print in 2023 renewals put 9M cat losses below budget for all four major players.
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10 November 2023   It said it is on track to achieve its full-year targets.
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6 November 2023   Hannover Re will be seeking incremental improvements to its North American book.

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