Hannover Re : Q2 2024 points to healthy volume growth in P/C and slight margin improvement
>Group net profit ahead of estimates - We have revisited our estimates following Hannover Re’s strong Q2 2024 results which came in ahead of estimates. Group net profit came to € 603m ahead of the € 533m consensus forecast and our € 551m estimate. Better-than-expected technical profits and higher-than-expected investment income contributed to the beat. The Solvency II ratio stood at a solid 276% ahead of the 270% consensus expectation. We have increased our net profit...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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