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.
theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.
>FY 2019 preliminary net profit broadly in line with estimates - Hannover Re has reported preliminary FY 2019 results. Net income was at € 1.28bn, broadly in line with our estimate (€ 1.26bn) and the consensus (€ 1.30bn). The FY 2019 combined ratio stood at 98.2%, bang in line with our estimate and above the 97% target for the combined ratio due to above average nat. cat. and claims on man-made disasters. Management has kept its outlook for 2020 unchanged and targets ...
The independent financial analyst theScreener just lowered the general evaluation of MULTICHOICE GROUP LTD. (ZA), active in the Broadcasting & Entertainment industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date February 21, 2020, the closing price was ZAR 99.80 and its target price was estimated at ZAR 94.04.
The general evaluation of TRUWORTHS INTL.LTD. (ZA), a company active in the Apparel Retailers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 21, 2020, the closing price was ZAR 48.50 and its potential was estimated at ZAR 52.74.
The independent financial analyst theScreener just lowered the general evaluation of NETCARE LTD. (ZA), active in the Health Care Providers industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date February 21, 2020, the closing price was ZAR 19.40 and its target price was estimated at ZAR 16.95.
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