Hannover Re : L/H reinsurance drives bottom line profits
>Outlook points to ongoing strength in L/H reinsurance while P/C reinsurance might need to deal with some headwinds in an otherwise hard market environment - We have reviewed our estimates for Hannover Re following FY 2022 results reporting. Net attributable profit (IFRS 4 based) remains broadly unchanged for 2023e at € 1,682m, while we have increased net attributable profit for 2024e by 10.3% to € 1,936m predominantly driven by higher estimates for L/H reinsurance. F...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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