Hannover misses consensus with EUR1.97bn 2023 operating result
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Hannover misses consensus with EUR1.97bn 2023 operating result

The carrier faced "significant impact" from a P&C reserve charge on its earnings.

By Rachel Dalton
February 06, 2024
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Hannover Re logo Hanover Germany.jpg

Hannover Re has announced a preliminary operating result of EUR1.97bn ($2.1bn) for 2023, versus a consensus of EUR2.4bn.

Hannover Re said an increase in its P&C reserves had “a significant impact” on the operating result of the segment, which was...

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