- Hannover Re’s full year dividend per share has risen to EU7.20, up from EU6 the previous year.
- The company reported a net income of EU1.8 billion, matching the estimated figure.
- Fourth quarter results showed an Ebit of EU134 million, a significant improvement from the loss of EU146 million reported in the same period last year.
- The net income for the fourth quarter was EU425 million, recovering from a loss of EU335 million the previous year and surpassing the estimate of EU403 million.
- The property and casualty combined ratio was 101.1%, up from 94% year on year, exceeding the estimated figure of 93.1%.
- Return on equity was reported at 17.3% for the year.
- Hannover Re forecasts a return on investment from assets under management of at least +2.8%.
- The company still expects to achieve a net income of at least EU2.1 billion, slightly below the estimate of EU2.15 billion.
- Reinsurance revenue is expected to rise by more than +5%.
- The ordinary dividend is projected to increase year-on-year over the 2024-2026 strategy cycle.
- With an improved market environment, the property and casualty reinsurance is expected to achieve a combined ratio of below 89% in 2024.
- Life and health reinsurance is expected to generate a reinsurance service result of more than EUR 850 million in the current financial year.
A look at Hannover Rueck Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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
Hannover Rueck’s Long-Term Outlook Utilizing Smartkarma Smart Scores
Hannover Rueck, a reinsurance company that provides services such as life, health, and property reinsurance, has received a favorable outlook according to the Smartkarma Smart Scores. The company scored a 2 in Value, indicating that it is priced reasonably compared to its competitors. With a 3 in Dividend, Hannover Rueck also offers a steady dividend for its shareholders.
But it’s not just about the present for Hannover Rueck. The company received a 4 in Growth, showing promising potential for future expansion and development. In terms of Resilience, Hannover Rueck scored a 3, indicating that it has a stable financial standing and is able to weather any potential risks. And with a perfect score of 5 in Momentum, Hannover Rueck is showing strong performance and growth in the market. Overall, the Smartkarma Smart Scores paint a positive long-term outlook for Hannover Rueck, making it a promising investment for those looking to enter the reinsurance market.
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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