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    HNR1   DE0008402215

HANNOVER RÜCK SE

(HNR1)
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PRESS RELEASE: Hannover Re posts further -2-

05/05/2021 | 01:32am EDT
tel. +49 511 5604-1500 
karl.steinle@hannover-re.com 
Media Relations: 
Oliver Suess 
tel. +49 511 5604-1502 
oliver.suess@hannover-re.com 
Investor Relations: 
Axel Bock 
tel. +49 511 5604-1736 
axel.bock@hannover-re.com 
www.hannover-re.com 
 
Key figures of the Hannover Re Group (IFRS basis) 
in EUR million                                         Q1/2021  +/- previous year Q1/2020   2020 
Hannover Re Group 
Gross written premium                                   7,803.2            +11.9% 6,975.3 
Net premium earned                                      5,686.6            +11.7% 5,090.9 
Net underwriting result^1)                                 22.5                    (44.8) 
Net investment income                                     444.0             -5.9%   471.7 
Operating profit (EBIT)                                   403.8             -5.3%   426.6 
Group net income                                          305.9             +1.7%   300.9 
Earnings per share in EUR                                  2.54             +1.7%    2.49 
Retention                                                 91.5%                     91.1% 
Tax ratio                                                 17.1%                     23.4% 
EBIT margin^2)                                             7.1%                      8.4% 
Return on equity                                          11.1%                     11.5% 
 
in EUR million                                         Q1/2021  +/- previous year Q1/2020   2020 
Policyholders' surplus                                 14,822.2             +5.3%         14,071.0 
Investments (excl. funds withheld by ceding companies) 52,511.1             +6.7%         49,220.9 
Total assets                                           77,044.4             +7.8%         71,439.8 
Book value per share in EUR                               91.57             +0.4%   86.77    91.17 
 
Property & Casualty reinsurance 
in EUR million                                         Q1/2021  +/- previous year Q1/2020   2020 
Gross written premium                                   5,692.9            +14.2% 4,986.1 
Net premium earned                                      3,863.1            +15.7% 3,338.0 
Net underwriting result^1)                                147.3                       7.2 
Operating profit (EBIT)                                   324.0             +6.3%   304.7 
Group net income                                          269.2            +29.9%   207.3 
Retention                                                 92.6%                     91.7% 
Combined Ratio^1)                                         96.2%                     99.8% 
EBIT margin^2)                                             8.4%                      9.1% 
 
Life & Health reinsurance 
in EUR million                                         Q1/2021  +/- previous year Q1/2020   2020 
Gross written premium                                   2,110.3             +6.1% 1,989.2 
Net premium earned                                      1,823.6             +4.0% 1,752.8 
Operating profit (EBIT)                                    80.1            -35.6%   124.2 
Group net income                                           48.8            -55.7%   110.2 
Retention                                                 88.6%                     89.4% 
EBIT margin^2)                                             4.4%                      7.1% 
 
^1) Including funds withheld 
^2) Operating result (EBIT)/net premium earned ----------------------------------------------------------------------------------------------------------------------- 

2021-05-05 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      Hannover Rück SE 
              Karl-Wiechert-Allee 50 
              30625 Hannover 
              Germany 
Phone:        +49-(0)511-5604-1500 
Fax:          +49-(0)511-5604-1648 
Internet:     www.hannover-re.com 
ISIN:         DE0008402215 
WKN:          840 221 
Indices:      MDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, 
              Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange 
EQS News ID:  1192421 
 
End of News   DGAP News Service 
=------------ 

1192421 2021-05-05

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1192421&application_name=news 
 

(END) Dow Jones Newswires

May 05, 2021 01:31 ET (05:31 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -1.53% 33751.19 Delayed Quote.13.51%
HANNOVER RÜCK SE -0.67% 147.85 Delayed Quote.14.24%
MDAX -0.45% 31638.68 Delayed Quote.3.20%
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Financials
Sales 2021 26 589 M 32 117 M 32 117 M
Net income 2021 1 272 M 1 536 M 1 536 M
Net Debt 2021 - - -
P/E ratio 2021 14,1x
Yield 2021 3,93%
Capitalization 17 951 M 21 843 M 21 684 M
Capi. / Sales 2021 0,68x
Capi. / Sales 2022 0,65x
Nbr of Employees 3 218
Free-Float 49,8%
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Technical analysis trends HANNOVER RÜCK SE
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TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 162,54 €
Last Close Price 148,85 €
Spread / Highest target 37,7%
Spread / Average Target 9,19%
Spread / Lowest Target -25,4%
EPS Revisions
Managers and Directors
NameTitle
Jean-Jacques Henchoz Chief Executive Officer
Clemens Jungsthöfel Chief Financial Officer
Torsten Leue Chairman-Supervisory Board
Thomas Fiedler Compliance Officer
Herbert K. Haas Member-Supervisory Board
Sector and Competitors