Hannover Re Reports 13.2% Growth in Half-Year Net Income

On August 12, 2025, Hannover Re announced a 13.2% increase in group net income, totaling EUR 1.3 billion, with a return on equity reaching 23.0%. The company reported growth in property and casualty reinsurance revenue by 4.8% and maintained a combined ratio of 88.4%, slightly above the full-year target. Despite substantial catastrophe losses in early 2025, Hannover Re bolstered its loss reserves, enhancing balance sheet resilience.

The reinsurance market maintained adequate pricing and conditions, allowing Hannover Re to continue investing in innovation and quality risk protection for clients. The company remains optimistic about meeting its full-year guidance of a group net income of around EUR 2.4 billion, assuming no unexpected capital market disruptions or excessive large loss expenditures.

Operating profit increased by 6.3% to EUR 1.8 billion, and earnings per share rose to EUR 10.90. The equity reached EUR 11.1 billion as of June 2025, with a capital adequacy ratio under Solvency II of 261%, surpassing the 200% threshold.