Hannover Re : Solid year-end finish despite high claims burden in Q4 2018
>We forecast Q4 net income of €281m - Hannover Re is due to report its Q4 2018 results on Thursday, 07 March. We forecast net income attributable to shareholders at € 281m, down from € 410m a year earlier and in line with consensus of € 283m. Our annualized ROE estimate stands at 13.1%. For BVPS we estimate € 73.3 at end Q4 2018. Our FY 2018 net profit estimate stands at € 1,006m, slightly north of the company’s guidance of more than € 1.0bn.P/C R/I: Majo...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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