Hannover Re P&C re unit posts 90.8% combined ratio for Q2

09 August 2023

Hannover Re’s P&C re unit booked a 90.8% combined ratio for Q2, in a 1.7 percentage point improvement year on year, as the carrier saw large losses come within budget and improved prices and conditions that “continued undiminished”.

Underwriting: The P&C segment reported a net reinsurance service result, under the new IFRS 17 accounting standards, of EUR282.7mn

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