Hannover Re : Miss on Q3 2023 reported earnings but still healthy underlying profitability
>Q3 2023 EBIT below consensus but underlying profits remained strong - Hannover Re reported Q3 203 EBIT of € 484m which came in markedly below our € 616m and € 642m consensus estimate. The miss was triggered by the P/C segment while L/H operating profit was moderately better than expected. The negative deviation was driven by a weaker-than-expected underwriting result in P/C reinsurance and sizable FX losses in the quarter. Both transitory effects explain most of the ...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.