Hannover Re : Replenished redundancies and growth of new business
>We lift our estimates following final FY 2023 results reporting - Hannover Re reported final FY 2023 results which came in as expected with regards to € 1,825m attributable net profit for the year. The dividend proposal came to € 7.2 per share which stood ahead of our and consensus estimate of € 6.8. The Solvency II ratio was strong at 269% which bodes well as support for further growth. We have reviewed our estimates following FY 2023 reporting and have increased ou...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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