Hannover Re raises premium volume in renewals, posts FY profit of EUR 2.3 bln

HANNOVER RUECK SE HNR1:

• PREMIUM GROWTH OF 7.6% IN RENEWALS IN TRADITIONAL PROPERTY AND CASUALTY REINSURANCE AS OF 1 JANUARY

• MODEST AVERAGE INFLATION- AND RISK-ADJUSTED PRICE DECLINE OF 2.1%

• GUIDANCE FOR 2025 CONFIRMED: GROUP NET INCOME OF AROUND EUR 2.4 BILLION

• WILL PUBLISH ITS AUDITED ANNUAL FINANCIAL STATEMENT ON 13 MARCH 2025

• RENEWED TREATIES WITH A PREMIUM VOLUME OF EUR 9,304 MILLION, WHILE TREATIES WORTH EUR 950 MILLION WERE CANCELLED

• GENERATED REINSURANCE REVENUE OF EUR 26.4 BILLION (EUR 24.5 BILLION) IN 2024

• FY OPERATING PROFIT (EBIT) AMOUNTED TO EUR 3.3 BILLION (EUR 1.97 BILLION)

• FY GROUP NET INCOME INCREASED TO EUR 2.3 BILLION (EUR 1.8 BILLION)