Hannover Re : Q3 2021 ahead of estimates - Solid 2022 outlook provided
>Q3 2021 reported net profit of € 185m vs € 151m consensus - Reported Q3 2021 net profit of Hannover Re came in at € 185m, ahead of our € 138m and the €151m consensus estimates. The beat was driven by a very strong investment income in the quarter. The group’s solvency II ratio came to 239%, comfortably above the internal threshold of 200%. Management reiterated its net profit guidance of € 1.15bn to € 1.25bn for 2021 as we had expected.P/C reinsurance di...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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