tel. +49 511 5604-1500 karl.steinle@hannover-re.com Media Relations: Oliver Suess tel. +49 511 5604-1502 oliver.suess@hannover-re.com Investor Relations: Axel Bock tel. +49 511 5604-1736 axel.bock@hannover-re.com www.hannover-re.com Key figures of the Hannover Re Group (IFRS basis) in EUR million Q1/2021 +/- previous year Q1/2020 2020 Hannover Re Group Gross written premium 7,803.2 +11.9% 6,975.3 Net premium earned 5,686.6 +11.7% 5,090.9 Net underwriting result^1) 22.5 (44.8) Net investment income 444.0 -5.9% 471.7 Operating profit (EBIT) 403.8 -5.3% 426.6 Group net income 305.9 +1.7% 300.9 Earnings per share in EUR 2.54 +1.7% 2.49 Retention 91.5% 91.1% Tax ratio 17.1% 23.4% EBIT margin^2) 7.1% 8.4% Return on equity 11.1% 11.5% in EUR million Q1/2021 +/- previous year Q1/2020 2020 Policyholders' surplus 14,822.2 +5.3% 14,071.0 Investments (excl. funds withheld by ceding companies) 52,511.1 +6.7% 49,220.9 Total assets 77,044.4 +7.8% 71,439.8 Book value per share in EUR 91.57 +0.4% 86.77 91.17 Property & Casualty reinsurance in EUR million Q1/2021 +/- previous year Q1/2020 2020 Gross written premium 5,692.9 +14.2% 4,986.1 Net premium earned 3,863.1 +15.7% 3,338.0 Net underwriting result^1) 147.3 7.2 Operating profit (EBIT) 324.0 +6.3% 304.7 Group net income 269.2 +29.9% 207.3 Retention 92.6% 91.7% Combined Ratio^1) 96.2% 99.8% EBIT margin^2) 8.4% 9.1% Life & Health reinsurance in EUR million Q1/2021 +/- previous year Q1/2020 2020 Gross written premium 2,110.3 +6.1% 1,989.2 Net premium earned 1,823.6 +4.0% 1,752.8 Operating profit (EBIT) 80.1 -35.6% 124.2 Group net income 48.8 -55.7% 110.2 Retention 88.6% 89.4% EBIT margin^2) 4.4% 7.1% ^1) Including funds withheld ^2) Operating result (EBIT)/net premium earned -----------------------------------------------------------------------------------------------------------------------
2021-05-05 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------
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: MDAX 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: 1192421 End of News DGAP News Service =------------
1192421 2021-05-05
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1192421&application_name=news
(END) Dow Jones Newswires
May 05, 2021 01:31 ET (05:31 GMT)