Report
Roland Pfaender,MBA,CFA,CCRA

Hannover Re : Q1 2019 results should reflect the quarterly run-rate for the year

>We forecast Q1 2019 net income of € 275m, up 0.4% y-o-y - Hannover Re is due to report its Q1 2019 results on Tuesday, 7 May. We forecast net income attributable to shareholders at € 275m, up 0.4% y-o-y. We estimate € 425 group EBIT which sits slightly below the € 433m consensus estimate. Our annualised ROE estimate stands at 12.2% (down 0.8pp y-o-y). We forecast BVPS of € 76.4 at end-Q1 2019.Major claims in P&C reinsurance most likely within budgeted le...
Underlying
Hannover Rueck SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Roland Pfaender,MBA,CFA,CCRA

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