Hannover Re Reports Strong Investment Income for 1Q 2018
Hannover Re reported net income of EUR 273.4 million, a 3% increase on EUR 264.8 million the previous year. The result puts the business on target to deliver its EUR 1 billion net result at the end of the year. We maintain our EUR 110 per share fair value estimate, along with our no-moat and stable moat trend ratings.For nonlife insurance, the events of second-half 2017 provided some stability to the pricing environment, though likely not the increases some market participants expected. Net exp...
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