Results
-
The improvement was attributed to growth in new business and inflation-related price adjustments. -
Nat cat events triggered A$1.23bn of losses during the year.
-
The carrier also reported more difficulty than anticipated in realizing the value of collateral following the defaults.
-
The carrier’s single largest P&C loss was German flooding at EUR120mn.
-
The reinsurance segment reported cat losses of $43.2mn versus $15.2mn in Q2 2023.
-
The losses were driven by events in property D&F, particularly tornadoes.
-
The carrier said the global commercial market was “highly attractive".
-
Clemens Jungsthöfel said Hannover Re was sticking with its first-quarter approach.
-
Insurance contract written premium increased by 23% to $1.84bn.
-
Lancashire was the only carrier to see double-digit growth in insurance revenue for H1.
-
German floods were the carrier’s largest H1 loss, at EUR120mn.
-
The subsidiary’s financial result swung from loss to profit for the period.
Most Recent
-
Enstar Q1 net profit falls 58% to $50mn
02 May 2025 -
Daily Digest: Top news from 2 May
02 May 2025