Hannover Re : Q2 2019 should reflect solid underlying profitability
>We forecast Q2 2019 net profit of € 379m, up 34.3% yoy - Hannover Re is due to report its Q2 2019 results on Thursday, 8 August. We forecast net income attributable to shareholders at € 379m, up 34.3% yoy (aided by a ~€ 100m one-off from a revaluation of Hannover Re’s stake in Viridium). For group EBIT we estimate € 524m, below consensus of € 540m. Our annualised ROE estimate stands at 15.4% (up 1.9pp yoy). We forecast BVPS of € 81.8 at end-Q2 2019, up 18.6% yoy on t...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.