Hannover Affected by Catastrophes, but U.S. Mortality Looks Brighter
Hannover Re reported third-quarter results below our expectations, largely due to the higher catastrophe losses that occurred during this period. However, the business looks to be making good progress on life and health mortality recapture, a problem area that has previously been a drain on profits. We are increasing our fair value estimate to EUR 110 per share from EUR 100 to account for lower near-term profits from a longer-term drag on group profits, and the slight rate increases likely to oc...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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