- Net Investment Income: EU511 million, up 8.7% year over year, beating the estimate of EU482.2 million.
- EBIT: EU847 million, a 34% increase year over year, surpassing the estimate of EU754.6 million.
- Property & Casualty Combined Ratio: Improved to 87.6% from 90.8% year ago, better than the estimate of 90.7%.
- Return on Equity: 22.4%, above the estimate of 21%.
- First Half Results: Net income of EU1.16 billion.
- Year Forecast: Net income projected to be at least EU2.1 billion with reinsurance revenue expected to exceed 5% growth.
- Future Expectations: Combined ratio below 89% in property and casualty reinsurance due to an improved market climate.
- Life & Health Reinsurance: Reinsurance service result expected to exceed €850 million in 2024.
- Dividends: An increase in ordinary dividend is expected year-on-year from 2024 to 2026. A special dividend will be added if capitalisation exceeds requirements and profit targets are met.
- Analyst Ratings: 7 buys, 9 holds, 4 sells.
A look at Hannover Rueck Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Investors are eyeing Hannover Rueck SE with optimism for its long-term prospects, with a positive outlook based on Smartkarma Smart Scores. The company’s strong emphasis on growth and dividends, reflected in scores of 5 and 4 respectively, signal a promising future. Additionally, Hannover Rueck shows resilience and momentum in its operations, indicating a stable and steadily developing reinsurance business. While the value score is moderate at 3, the overall Smart Scores paint a favorable picture for Hannover Rueck’s position in the market.
Hannover Rueck SE, specializing in providing reinsurance services, covers a wide range of areas including life, health, accident, property, and high-risk specialty reinsurance. As reflected in its Smart Scores, the company’s focus on growth, solid dividend payouts, resilience, and momentum showcase a business strategy geared towards long-term success. Investors are likely to view Hannover Rueck positively, considering its well-rounded performance across these key factors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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