Figures the primary set launched underneath new monetary reporting requirements
It’s the flip of Talanx Group’s Hannover Re to disclose the way it carried out within the first quarter of 2023.
Reporting for the primary time utilizing the brand new monetary reporting requirements, Hannover Re posted the next outcomes:
|
Metric
|
Q1 2023
|
Q1 2022
|
|---|---|---|
|
Reinsurance income (gross)
|
€6.57 billion
|
€6.61 billion
|
|
Reinsurance service end result (internet)
|
€568 million
|
€421 million
|
|
Web earnings from investments
|
€381 million
|
€393 million
|
|
Working revenue/loss
|
€720 million
|
€598 million
|
|
Group internet earnings
|
€484 million
|
€428 million
|
Of Hannover Re’s reinsurance income within the first quarter, €4.6 billion got here from property & casualty reinsurance whereas life & well being contributed €1.97 billion.
“With the end result for the primary three months, we now have achieved greater than 1 / 4 of the full-year steerage of at the least €1.7 billion and are thus very a lot on track,” chief government Jean-Jacques Henchoz said in a release.
“On the identical time, we now have additional strengthened our resilience. Within the face of the present challenges, we’re thereby remaining a dependable companion for our shoppers.”
The CEO added: “Within the renewal negotiations at April 1 we had been in a position to construct additional on the numerous enhancements in costs and circumstances achieved within the January 1 renewals. We have now thus put in place one other main cornerstone to safe Hannover Re’s long-term profitability.”
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