Hannover Re

OverviewSuggest Edit

Hannover Re (also known as Hannover Rück) is a reinsurance company. It operates Property and Casualty and Life and Health businesses. The Property and Casualty business provides insurance and reinsurance solutions to the agricultural, livestock, and bloodstock, aviation and space, marine and offshore energy, credit, surety, and political risk, as well as other markets. The Life and Health business offers data analytics, risk assessment, at-retirement solutions, group insurance, as well as financial solutions, such as new-business financing, monetization of embedded value, divestiture of non-core businesses, and reserve and solvency relief.
TypePublic
Founded1966
HQHannover, DE
Websitehannover-re.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2021)3,346
Job Openings123
Share Price (Aug 2022)€141.6(+3%)
Cybersecurity ratingBMore
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Key People/Management at Hannover Re

Jean-Jacques Henchoz

Jean-Jacques Henchoz

Chairman of the Executive Board
Clemens Jungsthöfel

Clemens Jungsthöfel

Chief Financial Officer
Sven Althoff

Sven Althoff

Member of the Executive Board - Property & Casualty
Claude Chèvre

Claude Chèvre

Member of the Executive Board - Life & Health
Klaus Miller

Klaus Miller

Member of the Executive Board - Life & Health
Michael Pickel

Michael Pickel

Member of the Executive Board - Property & Casualty
Show more

Hannover Re Office Locations

Hannover Re has offices in Hannover, Cedarhurst, Charlotte, Denver and in 24 other locations
Hannover, DE (HQ)
50 Karl-Wiechert-Allee
Sydney, AU
Tower 1, Level 33 100 Barangaroo Avenue
Manama, BH
17th Floor Zamil Tower Government Avenue Manama Center
Hamilton, BM
Purvis House First Floor 29 Victoria Street
Rio de Janeiro, BR
Praia de Botafogo, n°.228, 15°Floor, wing B. Botafogo
Toronto, CA
220 Bay St. Suite 400
Show all (29)

Hannover Re Financials and Metrics

Hannover Re Revenue

EUR

Gross profit (Q1, 2022)

7.3b

Net income (Q1, 2022)

282.5m

Market capitalization (3-Aug-2022)

17.1b

Closing stock price (3-Aug-2022)

141.6

Cash (31-Mar-2022)

1.4b
Hannover Re's current market capitalization is €17.1 b.
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Gross profit

18.4b21.2b23.0b26.5b

Interest expense

(92.4m)(99.6m)(102.6m)(161.3m)

Interest income

956.9m1.0b1.0b1.1b

Pre tax profit

1.5b1.8b1.1b1.7b
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Gross profit

5.0b5.2b5.6b5.6b5.9b5.6b6.2b6.6b6.4b7.3b

Interest expense

(20.9m)(21.4m)(21.3m)(23.5m)(23.6m)(24.4m)(18.7m)(21.4m)(21.3m)(21.1m)

Pre tax profit

429.1m470.7m432.0m403.2m53.2m374.9m385.1m530.9m303.2m375.3m
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Cash

1.1b1.1b1.3b1.4b

Accounts Receivable

4.0b5.3b5.6b7.2b

Current Assets

62.6b70.3b70.1b81.6b

PP&E

29.8m27.0m31.3m35.5m
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

1.3b1.2b1.4b1.4b1.2b1.3b1.4b1.4b1.7b1.4b

Accounts Receivable

4.9b5.1b5.4b5.7b6.2b6.1b6.8b7.2b7.4b9.1b

Current Assets

66.8b66.9b70.3b71.6b72.2b71.6b75.8b76.8b80.5b85.1b
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

1.1b1.3b883.1m1.2b

Accounts Payable

(5.5m)188.6m(575.5m)49.9m
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

293.7m662.5m1.0b300.9m402.4m667.8m305.9m670.6m855.9m263.6m

Accounts Payable

(30.7m)(925.9m)983.9m179.5m(1.2b)617.0m18.8m(635.8m)671.1m69.1m
EURFY, 2018

Financial Leverage

6.8 x
Show all financial metrics

Hannover Re Revenue Breakdown

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Hannover Re revenue breakdown by business segment: 68.9% from PROPERTY/CASUALTY REINSURANCE, 31.1% from LIFE/HEALTH REINSURANCE and 0.0% from Other

Hannover Re Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Hannover Re Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Hannover Re Online and Social Media Presence

Embed Graph

Hannover Re News and Updates

Penn River Partners with Hannover Re US to launch Reinsurance addition to its digital platform for life and annuity insurers

NEWTON SQ, Pa., June 8, 2021 /PRNewswire/ -- Penn River Inc, a leading life and annuity software company, today announces its partnership with top tier reinsurer Hannover Life Reassurance Company of America ("Hannover Re US"), to launch a reinsurance addition to its ProductHub platform....

Dow Jones Newswires: Hannover Re backs 2020 guidance after profit rise

Profit for the year was about 1.28 billion euros ($1.41 billion), up from EUR1.05 billion a year earlier, the German reinsurer  said Wednesday.

Dow Jones Newswires: Hannover Re lifts profit guidance as net profit doubles

The performance led the company to raise its profit target for the year. It now expects net profit of more than EUR1.25 billion from previous guidance of around EUR1.1 billion.

Reinsurance Market 2018 by Types, Application (Direct Writing & Broker), Key Players (Munich Re, Swiss Re, Hannover Re, SCOR SE, Lloyd’s, RGA, Korean Re, PartnerRe), Growth Rate, Global Overview & Forecast to 2025

In 2017, the global Reinsurance market size was 247500 million US$ and it is expected to reach 287700 million US$ by the end of 2025, with a CAGR of 1.9% during 2018-2025. Posted via Industry Today. Follow us on Twitter @IndustryToday

Hannover Re Frequently Asked Questions

  • When was Hannover Re founded?

    Hannover Re was founded in 1966.

  • Who are Hannover Re key executives?

    Hannover Re's key executives are Jean-Jacques Henchoz, Clemens Jungsthöfel and Sven Althoff.

  • How many employees does Hannover Re have?

    Hannover Re has 3,346 employees.

  • Who are Hannover Re competitors?

    Competitors of Hannover Re include Sava Re, Reinsurance Group of America and Gen Re.

  • Where is Hannover Re headquarters?

    Hannover Re headquarters is located at 50 Karl-Wiechert-Allee, Hannover.

  • Where are Hannover Re offices?

    Hannover Re has offices in Hannover, Cedarhurst, Charlotte, Denver and in 24 other locations.

  • How many offices does Hannover Re have?

    Hannover Re has 29 offices.