Hannover Re P&C re profit up 6.3% in Q1 as large losses shrink
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Hannover Re P&C re profit up 6.3% in Q1 as large losses shrink

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Hannover Re’s P&C reinsurance unit reported operating profit of EUR324mn ($389mn) for Q1, a rise of 6.3% year on year, as the burden of large losses reduced year.

Consensus: The carrier’s return on equity of 11.1% was behind a consensus of 12.6%, as gathered from 14 analysts by S&P.

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