Hannover Re, which is claimed to be the world’s third largest reinsurer, has revealed its earnings report for 2022.
Right here’s how Hannover Re, a part of Talanx Group, fared throughout the yr:
|
Metric
|
2022
|
2021
|
|---|---|---|
|
Gross written premium (GWP)
|
€33.3 billion
|
€27.8 billion
|
|
Web underwriting outcome
|
€(124.5 million)
|
€(211.1 million)
|
|
Web funding revenue
|
€2.1 billion
|
€1.9 billion
|
|
Working revenue
|
€2.1 billion
|
€1.7 billion
|
|
Group web revenue
|
€1.4 billion
|
€1.2 billion
|
Of the group GWP, €24.2 billion got here from property & casualty (P&C) reinsurance whereas life & well being (L&H) reinsurance contributed €9 billion. When it comes to working revenue, the break up stood at €1.4 billion and €737 million, respectively, for P&C and L&H reinsurance.
When it got here to web revenue, P&C noticed a decline of 18.7% to €880 million, whereas L&H loved a surge from €197 million to €588 million within the firm’s newest set of financials.
Chief govt Jean-Jacques Henchoz commented: “Within the 2022 monetary yr we as soon as once more demonstrated Hannover Re’s resilience. The atmosphere wherein we’re working stays difficult. Property & casualty reinsurance, particularly, noticed heavy losses in 2022 from pure catastrophes, the conflict in Ukraine, and the pandemic.
“Because of good revenue contributions from the investments and from life & well being reinsurance, we have been nonetheless capable of ship a satisfying group web revenue. Constructing on this success, we will provide our shareholders the prospect of an much more enticing dividend.”
The dividend distribution to be proposed at Hannover Re’s annual normal assembly is €6 per share.
