on Hannover Rück SE (isin : DE0008402215)
Hannover Re Reports 7.6% Premium Growth and EUR 2.3 Billion Profit for 2024
Hannover Re has announced a 7.6% increase in premium volume in its property and casualty reinsurance renewals as of January 1, 2025. The company maintained the quality of its renewed business, despite a 2.1% average inflation- and risk-adjusted price decline. Preliminary results show a Group net income of EUR 2.3 billion for 2024, meeting the company’s expectations.
In the regional markets, Hannover Re's premium volume grew notably in Europe, the Middle East, and Africa, as well as in the Americas, despite competitive pressures in some segments. The Asia-Pacific region saw a modest growth of 0.8%, with intense competition cited in key areas.
The company anticipates further growth, projecting a Group net income of around EUR 2.4 billion for 2025. Hannover Re benefits from strong demand for reinsurance solutions offering capital relief and aims for a double-digit growth rate in this area.
R. P.
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