Hannover Re, said to be the world’s third-largest reinsurer, has published its earnings report for 2022.
This is how Hannover Re, which belongs to the Talanx Group, developed over the course of the year:
Metric | 2022 | 2021 |
|---|---|---|
Gross Written Premium (GWP) | 33.3 billion euros | 27.8 billion euros |
Underwriting net result | € (124.5 million) | € (211.1 million) |
Net investment income | 2.1 billion euros | 1.9 billion euros |
operating result | 2.1 billion euros | 1.7 billion euros |
Consolidated net income | 1.4 billion euros | 1.2 billion euros |
Of the group GWP, €24.2bn came from property-casualty (P&C) reinsurance, while life and health (L&H) contributed €9bn. In terms of the operating result, the breakdown was €1.4bn and €737m for non-life and non-life reinsurance respectively.
In terms of net profit, P&C posted a 18.7% drop to 880 million euros, while L&H saw a 197 million euro increase to 588 million euros in the company’s latest financial data.
CEO Jean-Jacques Henchoz: “In the 2022 financial year we once again demonstrated Hannover Re’s resilience. The environment in which we operate remains challenging. Non-life reinsurance in particular had to accept high losses from natural catastrophes, the war in Ukraine and the pandemic in 2022.
“Thanks to good earnings contributions from investments and life and health reinsurance, we were still able to deliver a pleasing consolidated result. Building on this success, we can offer our shareholders an even more attractive dividend.”
The dividend payment to be proposed to Hannover Re’s Annual General Meeting is €6 per share.
