Hannover Re publishes full-year financials
-Commercial-
Hannover Re, mentioned to be the world’s third-largest reinsurer, has printed its earnings report for 2022.
-Commercial-
That is how Hannover Re, which belongs to the Talanx Group, developed over the course of the 12 months:
|
Metric |
2022 |
2021 |
|---|---|---|
|
Gross Written Premium (GWP) |
33.3 billion euros |
27.8 billion euros |
|
Underwriting internet end result |
€ (124.5 million) |
€ (211.1 million) |
|
Internet funding revenue |
2.1 billion euros |
1.9 billion euros |
|
working end result |
2.1 billion euros |
1.7 billion euros |
|
Consolidated internet revenue |
1.4 billion euros |
1.2 billion euros |
Of the group GWP, €24.2bn got here from property-casualty (P&C) reinsurance, whereas life and well being (L&H) contributed €9bn. By way of the working end result, the breakdown was €1.4bn and €737m for non-life and non-life reinsurance respectively.
By way of internet revenue, P&C posted a 18.7% drop to 880 million euros, whereas L&H noticed a 197 million euro improve to 588 million euros within the firm’s newest monetary knowledge.
CEO Jean-Jacques Henchoz: “Within the 2022 monetary 12 months we as soon as once more demonstrated Hannover Re’s resilience. The surroundings during which we function stays difficult. Non-life reinsurance particularly needed to settle for excessive losses in 2022 from pure catastrophes, the conflict in Ukraine and the pandemic.
“Due to good earnings contributions from investments and life and well being reinsurance, we had been nonetheless capable of ship a delightful consolidated end result. Constructing on this success, we are able to supply our shareholders an much more enticing dividend.”
The dividend fee to be proposed to Hannover Re’s Annual Normal Assembly is €6 per share.
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2023-03-10 07:20:00
www.insurancebusinessmag.com
