Hannover Rück SE
HNR1.SW
Swiss Exchange225.80
EUR
-28.80
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Hannover Rück SE
HNR1.SW
(Swiss Exchange)
Recent
price
225.80
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div
yld
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ROIC.AI
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- Business
- Hannover Rück SE (HNR1.SW) operates as one of the world's leading reinsurers, providing property & casualty and life & health reinsurance products and services through a global network of over 170 subsidiaries, branches, and representative offices across all continents. The company, founded in 1966 and headquartered at Karl-Wiechert-Allee 50 in Hannover, Germany, offers treaty and facultative reinsurance; structured reinsurance solutions; insurance-linked securities; property & casualty coverage for agriculture, livestock, bloodstock, aviation, space, natural catastrophe, credit/surety/political risks, cyber, marine, and offshore energy; as well as life & health solutions encompassing critical illness, disability, health, longevity, long-term care, mortality, group life, retirement, lifestyle, credit life, and Takaful reinsurance; complemented by financial solutions such as new-business financing, embedded value monetization, and solvency relief. Its German business is handled by subsidiary E+S Rück, while international operations span Europe, the United States, Asia, Australia, Africa, and other regions, serving primary insurers with risk transfer and optimization services. In recent developments, Hannover Re achieved a 7.6% portfolio growth at its January 1, 2025 renewals with EUR 11.0 billion in renewed premium volume despite slight price declines, reported group net income of EUR 2.4 billion approximating for 2024 with a combined ratio below 88%, and raised its 2025 earnings guidance following a 7.7% increase to EUR 2.0 billion in the first nine months. The company expanded its insurance-linked securities (ILS) activities through seven catastrophe bond transactions totaling $2.0 billion in the first half of 2025, a pioneering partnership with a North Carolina insurance association, and the September 2025 launch of Hannover Re Capital Partners (HCP), a Bermuda-based underwriting agency to deploy third-party capital into non-proportional catastrophe business with an initial investment below $500 million. Additionally, Hannover Re participated in a consortium acquisition of Viridium completed in 2025 before exiting by September 30 via replacement by new members, implemented leadership changes including significant ILS and retrocession team transitions, and enhanced balance sheet resilience with increased property & casualty reserves and natural catastrophe retrocession protections by EUR 100 million to over EUR 1.2 billion. Since March 2022, the company has been listed on Germany's DAX index, underscoring its strategic focus on growth in traditional and structured reinsurance amid favorable market conditions.