Hannover Re : Q3 2022 results in line with estimates and burdened by major losses
>Q3 2022 net profit of € 222m broadly in line with estimates - Hannover Re digested above average major claims in Q3 2022 and reported a group net profit of € 222m (annualised ROE 10.3%), broadly in line with € 226m consensus estimate. Group Solvency II ratio stood at a solid 232%, down from 235% as at H1 2022. We have reviewed our estimates and have left our € 1.4bn net profit estimate for 2022 basically unchanged as Hannover Re sees the low end of the € 1.4bn to € 1...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.