Hannover Rück SE General Meeting Approves Dividend Increase and New Supervisory Board Members

Hannover Rück SE, the renowned reinsurance company, held its annual general meeting on May 6, 2024, in Hannover, where significant decisions regarding dividends and Supervisory Board appointments were made. The company has decided to increase its dividend payout by 20% to a total of EUR 7.20 per share for the financial year 2023.

During the meeting, Jean-Jacques Henchoz, the CEO of Hannover Rück SE, discussed the successful completion of the previous strategy cycle and outlined the future growth prospects for 2024-2026 under the guiding principles of "Focus, Grow, Accelerate". Henchoz conveyed confidence in achieving further profitability based on strong existing fundamentals and innovative growth activities.

The shareholder representatives, Harald Kayser and Dr. Alena Kouba, were elected to the Supervisory Board, succeeding Dr. Andrea Pollak and Dr. Erhard Schipporeit. Employee representatives had been elected earlier in April. These changes promise to bring fresh perspectives to the board's oversight capabilities.

The next annual general meeting is scheduled for May 7, 2025. This assembly will likely review the company's continued adherence to its strategic goals and economic performance.