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Hannover Re 1Q24 Headlines: Solid, FY24 Guidance Confirmed

FINANCIALS

Hannover Re (HANRUE: AA-/A+) 1Q24 results headlines are a 3% revenue miss, small EBIT miss but confirmed FY24 guidance and solid capital adequacy.


  • HANNOVER RE STILL SEES FY NET AT LEAST EU2.1B, EST. EU2.17B
  • Hannover Re 1Q Capital Adequacy Ratio Under Solvency II at End-1Q 267%
  • Hannover Re Backs 2024 View
  • Hannover Re 1Q EBIT EUR810.5M (cons: 821m)
  • Hannover Re 1Q Gross Reinsurance Rev EUR6.67B (cons: 6.92m)
  • Hannover Re Sees Continued Favourable Market Landscape

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