Hannover Re trims combined ratio to 92.3% as P&C re profits grow 56%
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Hannover Re trims combined ratio to 92.3% as P&C re profits grow 56%

Aisling Finn
11 May 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
hannover_re_bermuda_logo_2021.png

Hannover Re’s Q1 P&C reinsurance operating profit grew by 56% year on year to EUR466.3mn ($511.6mn) as it confirmed it expects the division to contribute at least EUR1.6bn to the operating result for the full year.

The carrier attributed the improved results to the prior year’s results including provisions for Ukraine-related losses and a more focused approach to underwriting, which contributed to higher new business value.

P&C

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Results Hannover Re
aisling finn/aisling finn ii red.png
Aisling Finn
Reporter
Contact
Gift this article