06.02.2024 Hannover Rück SE  DE0008402215

EQS-Adhoc: Hannover Rück SE: Hannover Re to achieve full-year profit target; operating result 2023 impacted by reserve increase above planned level


 

EQS-Ad-hoc: Hannover Rück SE / Key word(s): Annual Results/Preliminary Results
Hannover Rück SE: Hannover Re to achieve full-year profit target; operating result 2023 impacted by reserve increase above planned level

06-Feb-2024 / 18:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Based on preliminary, unaudited financial figures, Hannover Re reached an operating result (EBIT) of EUR 1.97 billion (consensus: EUR 2.40 billion) in the financial year 2023.

An increase in reserves in Property & Casualty reinsurance had a significant impact on EBIT, particularly in the fourth quarter, which led to a much greater increase in the confidence level of reserves than originally planned. According to initial estimates, the resiliency reserve at the end of the 2023 financial year will be significantly higher than the targeted EUR 1.7 billion (2022: EUR 1.38 billion).

Accordingly, the operating result for Property & Casualty reinsurance reached EUR 1.10 billion (forecast: at least EUR 1.6 billion). The underlying profitability, however, developed very favourably due to the attractive market environment and was fully in line with expectations. Life & Health reinsurance contributed EUR 0.87 billion (forecast: at least EUR 0.75 billion) to the operating result.

Group net income increased to EUR 1.8 billion and Hannover Re thus achieved its annual profit target of at least EUR 1.7 billion (consensus: EUR 1.8 billion). In particular a one-off tax effect had a positive impact, reducing the Group tax rate to 1.4% in 2023 (previous year: 22.7%).

Hannover Re will publish the annual report for the 2023 financial year as announced on 18 March 2024.

 



End of Inside Information

06-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Hannover Rück SE
Karl-Wiechert-Allee 50
30625 Hannover
Germany
Phone: +49-(0)511-5604-1500
Fax: +49-(0)511-5604-1648
Internet: www.hannover-re.com
ISIN: DE0008402215
WKN: 840 221
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 1831723

 
End of Announcement EQS News Service

1831723  06-Feb-2024 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023
Umsatzerlöse1 17.790,51 19.176,36 22.597,64 24.770,34 27.762,31 33.275,53 24.456,50
EBITDA1,2 1.435,30 1.691,71 1.933,83 1.379,18 1.885,49 2.281,58 2.127,00
EBITDA-Marge3 8,07 8,82 8,56 5,57 6,79 6,86
EBIT1,4 1.364,36 1.596,65 1.853,18 1.214,08 1.734,83 2.087,45 1.971,20
EBIT-Marge5 7,67 8,33 8,20 4,90 6,25 6,27 8,06
Jahresüberschuss1 1.044,58 1.145,53 1.373,37 883,07 1.300,22 1.542,74 1.827,60
Netto-Marge6 5,87 5,97 6,08 3,57 4,68 4,64 7,47
Cashflow1,7 1.693,85 2.224,57 2.509,21 3.231,03 4.940,46 5.164,36 5.785,50
Ergebnis je Aktie8 7,95 8,70 10,65 7,32 10,21 11,66 15,13
Dividende8 5,00 5,25 5,50 4,50 5,75 6,00 5,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Hannover Rück
WKN Kurs in € Einschätzung Börsenwert in Mio. €
840221 238,600 Kaufen 28.774,48
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,93 14,23 0,91 21,95
KBV KCV KUV EV/EBITDA
3,11 4,97 1,18 13,53
Dividende '22 in € Dividende '23 in € Div.-Rendite '23
in %
Hauptversammlung
6,00 7,20 3,02 07.05.2025
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
13.05.2025 12.08.2024 11.11.2024 13.03.2025
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-5,07% 0,02% 10,31% 18,35%
    
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Versicherungen , 840221 , HNR1 , XETR:HNR1