Hannover Re : FY 2018 results: better in life, weaker in P/C than we had estimated
>Final FY 2018 results in line with preliminary figures; new: DPS €5.25 - Hannover Re reported its final full-year 2018 results today (07 March), which were broadly in line with the preliminary figures. Group net profit came in at € 1.06bn vs. the preliminary figure of € 1.05 figure and our earlier estimate of € 1.01bn. P/C reinsurance came in below our estimate while life reinsurance was ahead of our expectation. The Solvency II ratio stood at 246% at year-end 2018,...Hannover is global reinsurance company. Co. operates through two business groups, Non-Life Reinsurance and Life and Health Reinsurance. Non-Life Reinsurance provides structured reinsurance solutions. Co.'s target markets are Germany and North America, and its specialty lines include Marine, Aviation, Credit and Surety, Structured Reinsurance, Insurance-Linked Securities and the United Kingdom, London market and direct business. Non-Life Reinsurance's Global Reinsurance consists of treaty reinsurance worldwide, facultative reinsurance and global catastrophe business. Life and Health Reinsurance provides solutions for life and health reinsurance and financial solutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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