Corporate news

Annual General Meeting of Hannover Rück SE adopts all proposed resolutions

• Total dividend of EUR 6.00 per share approved
• Chief Executive Officer Jean-Jacques Henchoz emphasises Hannover Re's role as a reliable partner

Hannover, 3 May 2023: The virtual Annual General Meeting of Hannover Rück SE today approved all proposed resolutions by a large majority.

In his address Chief Executive Officer Jean-Jacques Henchoz took stock of the past year and emphasised Hannover Re's role as a resilient, reliable and relevant partner. In a rapidly changing landscape Hannover Re creates significant public value. By identifying, assessing and protecting against emerging risks, the company remains true to its role as a reinsurer with its core business and know-how. This plays a vital part, Henchoz noted, in closing protection gaps around the world and thereby contributing to society.

Looking to the current financial year, Henchoz expressed his confidence in Hannover Re's ability to grow its profitability and consistently strengthen its resilience despite the continued challenging risk situation worldwide.

The Annual General Meeting approved the proposal of the Executive Board and Supervisory Board to pay a total dividend of EUR 6.00 per share for the 2022 financial year. The payout consists of an ordinary dividend of EUR 5.00 per share – an increase of EUR 0.50 compared to the previous year – and a special dividend of EUR 1.00 (2021: EUR 1.25) per share. Altogether, Hannover Re will distribute an amount in the order of EUR 724 million. This year, 79.3% of eligible shareholders took part in the voting.

The next Annual General Meeting is scheduled to be held in Hannover on 6 May 2024.

Hannover Re, with gross premium of more than EUR 33 billion, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with around 3,500 staff. Established in 1966, the Hannover Re Group today has a network of more than 170 subsidiaries, branches and representative offices worldwide. The Group's German business is written by the subsidiary E+S Rück. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior".

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Contact

External Communications: 
Oliver Suess
tel. +49 511 5604-1502 
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Jessica Locker
tel. +49 511 5604-1599
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Investor Relations:
Karl Steinle 
tel. +49 511 5604-1500 
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Axel Bock 
tel. +49 511 5604-1736 
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www.hannover-re.com