Hannover Re sees soar in Q1 web revenue
-Commercial-
Hannover Re posts improve in web revenue within the first quarter | Insurance coverage Enterprise America
Figures are the primary set launched below the brand new monetary reporting requirements
insurance coverage information
By Terry Gangcuangco
The Talanx Group’s Hannover Re reveals the way it developed within the first quarter of 2023.
Hannover Re reported for the primary time in accordance with the brand new accounting requirements and achieved the next outcomes:
|
Metric |
1st quarter 2023 |
Q1 2022 |
|---|---|---|
|
Reinsurance income (gross) |
6.57 billion euros |
6.61 billion euros |
|
End result from reinsurance companies (web) |
568 million euros |
421 million euros |
|
Web revenue from investments |
381 million euros |
393 million euros |
|
Working Revenue/Loss |
720 million euros |
598 million euros |
|
Group Web Earnings |
484 million euros |
428 million euros |
Of Hannover Re’s reinsurance income within the first quarter, 4.6 billion euros got here from non-life reinsurance, whereas life and medical insurance contributed 1.97 billion euros.
“With the results of the primary three months, we’ve got achieved greater than 1 / 4 of the full-year forecast of not less than 1.7 billion euros and are due to this fact proper on monitor,” stated CEO Jean-Jacques Henchoz in a press release.
“On the identical time, we’ve got additional strengthened our resilience. In view of the present challenges, we stay a dependable associate for our prospects.”
The CEO added: “The April 1 renewal negotiations allowed us to construct on the numerous value and situation enhancements we achieved within the January 1 renewals. Now we have thus laid one other vital cornerstone for securing Hannover Re’s incomes energy in the long run.”
What do you consider Hannover Re’s monetary outcomes? Share your ideas within the feedback under.
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2023-05-12 06:00:00
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