Report
Henry Heathfield, CFA
EUR 98.48 For Business Accounts Only

Hannover Re Reports Flat but Respectable 1Q Results.

Hannover Re reported a basically flat but respectable set of first-quarter 2017 results, broadly in line with our expectations, though the business continues to impress with its cycle management and reserving discipline. Net income for the quarter came in at EUR 265 million, as the business's exposure to the major loss in Australia was limited, though retrocession was low. We will maintain our fair value estimate of EUR 100 per share and narrow moat rating.
Within property and casualty, the chan...
Underlying
Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Henry Heathfield, CFA

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