Hannover Re : We revise up our estimates driven by P/C and L/H reinsurance
>Upward revision to our estimates - We have reviewed our estimates following Hannover Re’s solid Q2 2022 reporting. Our new estimates include tailwinds from FX, stronger investment income generation and ongoing healthy volume growth coupled with price increases in the recent renewals. We have lifted our net profit estimate by 3.8% to € 1,403m (guidance € 1.4bn to € 1.5bn) for 2022e, by 7.3% to € 1,633m for 2023e and by 3.3% to € 1,691m for 2024e. Inflati...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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