Hannover Re : Navigating a riskier and more dynamic environment
>FY 2021 net profit helped by strong investment income - Hannover Re reported final FY 2021 results which were in line with earlier reported preliminary figures. FY 2021 net profit came to € 1,231m, broadly in line with estimates. Reported technical profits were below expectations in P/C reinsurance as well as in L/H reinsurance. A very strong investment income and a low tax rate supported the bottom-line result. Management did not provide clear guidance regarding po...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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