OverviewSuggest Edit

Hannover Re, with gross premium of around EUR 14.4 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 more than 2,500 staff.

The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior").

TypePublic
Founded1966
HQHannover, DE
Websitehannover-re.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Jul 2021)3,218
Job Openings87
Revenue (FY, 2015)€17.1 B(+19%)
Share Price (Nov 2021)€162.3
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Hannover Re Office Locations

Hannover Re has an office in Hannover
Hannover, DE (HQ)
50 Karl-Wiechert-Allee
Show all (1)

Hannover Re Financials and Metrics

Hannover Re Revenue

Embed Graph
View revenue for all periods
Hannover Re's revenue was reported to be €17.07 b in FY, 2015 which is a 18.8% increase from the previous period.
EUR

Revenue (FY, 2015)

17.1b

Revenue growth (FY, 2014 - FY, 2015), %

18.8%

Gross profit (FY, 2015)

6.0b

Gross profit margin (FY, 2015), %

35.1%

Net income (FY, 2015)

1.2b

EBIT (FY, 2015)

1.8b

Market capitalization (10-Nov-2021)

19.6b

Closing stock price (10-Nov-2021)

162.3

Cash (31-Dec-2015)

792.6m

EV

20.6b
Hannover Re's current market capitalization is €19.6 b.
EURFY, 2014FY, 2015

Revenue

14.4b17.1b

Revenue growth, %

19%

Cost of goods sold

9.5b11.1b

Gross profit

4.9b6.0b
EURY, 2014Y, 2015

Cash

772.9m792.6m

Total Assets

60.5b63.2b

Total Debt

2.3b1.8b

Total Liabilities

52.2b54.4b
EURFY, 2014FY, 2015

Cash From Operating Activities

1.9b3.1b
Show all financial metrics

Hannover Re Revenue Breakdown

Embed Graph

Hannover Re revenue breakdown by business segment: 54.7% from Property & Casualty reinsurance and 45.3% from Life & health reinsurance

Hannover Re Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Hannover Re Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

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.

  • How many employees does Hannover Re have?

    Hannover Re has 3,218 employees.

  • What is Hannover Re revenue?

    Latest Hannover Re annual revenue is €17.1 b.

  • What is Hannover Re revenue per employee?

    Latest Hannover Re revenue per employee is €5.3 m.

  • Who are Hannover Re competitors?

    Competitors of Hannover Re include Munich Re, Gen Re and Davies Group.

  • Where is Hannover Re headquarters?

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

  • Where are Hannover Re offices?

    Hannover Re has an office in Hannover.

  • How many offices does Hannover Re have?

    Hannover Re has 1 office.