Hannover Re sees enhance in Q1 web revenue


Hannover Re posts enhance in web revenue within the first quarter | Insurance coverage Enterprise America

Figures are the primary set launched underneath 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:


1st quarter 2023

Q1 2022

Reinsurance income (gross)

6.57 billion euros

6.61 billion euros

Consequence from reinsurance companies (web)

568 million euros

421 million euros

Internet revenue from investments

381 million euros

393 million euros

Working Revenue/Loss

720 million euros

598 million euros

Group Internet Revenue

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 health insurance contributed 1.97 billion euros.

“With the results of the primary three months, we now have achieved greater than 1 / 4 of the full-year forecast of not less than 1.7 billion euros and are subsequently proper on monitor,” stated CEO Jean-Jacques Henchoz in an announcement.

“On the identical time, we now have additional strengthened our resilience. In view of the present challenges, we stay a dependable accomplice for our clients.”

The CEO added: “The April 1 renewal negotiations allowed us to construct on the numerous worth and situation enhancements we achieved within the January 1 renewals. We’ve thus laid one other essential 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