Hannover Re : Q3 2018 should digest the bulk of repricing/commutations of legacy US mortality business
>We forecast Q3 2018e net income of € 71m, up from € 14m in Q3 2017 - Hannover Re is due to report its Q3 2018 results on Thursday, 08 November. We forecast net income attributable to shareholders at € 71m, up from € 14m a year earlier and below consensus of € 94m due to our higher estimate for US mortality commutation charges in the quarter. Our annualized ROE estimate stands at 3.4%. We forecast BVPS of € 69.4 at end-Q3 2018.Major claims should not exce...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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