Hannover Re Q3 P&C profit falls 5.2% on heavy cat losses

04 November 2021

Hannover Re has reported a Q3 P&C re operating profit of EUR283mn ($327.5mn), down 5.2% year-on-year, as it exceeded its nine-month budget for both natural catastrophes and man-made disasters.

The carrier reported earnings per share (EPS) for the P&C unit of EUR1.22 for the quarter, down 15.3% on the prior-year period.

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