Hannover Re

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").

Company Growth (employees)
Type
Public
HQ
Hannover, DE
Founded
1966
Size (employees)
2,893 (est)+13%
Hannover Re was founded in 1966 and is headquartered in Hannover, DE

Hannover Re Office Locations

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

Hannover Re Data and Metrics

Hannover Re Financial Metrics

Hannover Re's revenue was reported to be €17.1 b in FY, 2015 which is a 19% increase from the previous period.
EUR

Revenue (FY, 2015)

17.1 b

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

19%

Gross profit (FY, 2015)

6 b

Gross profit margin (FY, 2015), %

35%

Net income (FY, 2015)

1.2 b

EBIT (FY, 2015)

1.8 b

Market capitalization (22-Sep-2017)

12.1 b

Closing share price (22-Sep-2017)

100.3

Cash (31-Dec-2015)

792.6 m

EV

13.1 b
Hannover Re's current market capitalization is €12.1 b.
EURFY, 2014FY, 2015

Revenue

14.4 b17.1 b

Revenue growth, %

19%

Cost of goods sold

9.5 b11.1 b

Gross profit

4.9 b6 b
EURY, 2014Y, 2015

Cash

772.9 m792.6 m

Total Assets

60.5 b63.2 b

Total Debt

2.3 b1.8 b

Total Liabilities

52.2 b54.4 b
EURFY, 2014FY, 2015

Cash From Operating Activities

1.9 b3.1 b
Y, 2015

EV/EBIT

7.5 x

EV/CFO

4.2 x
Show all financial metrics

Hannover Re Market Value History

Hannover Re Revenue Breakdown

Traffic Overview of Hannover Re

Hannover Re Online and Social Media Presence

Hannover Re News and Updates

Reinsurers wobble after warning Irma and Harvey will hit profits

Shares in the world's biggest reinsurers wobbled this morning after Munich Re warned it would likely post a third quarter loss because of hurricanes Irma and Harvey. Munich Re shares dipped in opening trades but have regained ground and are currently down by 0.3 per cent. Swiss Re's share pric…

Q&A: Munich Re’s Andrew Rear on Partnering with Insurance Startups

In May 2016, Munich Re established its Digital Partners program offering capacity, product development, data analytics and more to emerging tech startups selling insurance. The group has been busy, to say the least. Today, Munich Re Digital Partners announced its … Continued

Hannover Re’s Tony Laudato on Reinsurers Getting Closer to Startups

Earlier this week, Bloomberg profiled the efforts of Munich Re Digital Partners, which has announced six underwriting partnerships including with Trov and Simplesurance since launching in May  As program head Andrew Rear explained, “The gain for (reinsurers) is to build new … Continued

6 Charts Breaking Down How Insurers Are Investing in Tech Startups

In June 2015, we highlighted the still small but growing participation of reinsurers and insurers in the corporate venturing ecosystem. Today, their private tech investment activity is on pace to hit over 75 deals in 2016 at the current pace, … Continued

German insurance startup Clark closes €13.2M Series A

 When I spoke with Jan Beckers, chairperson of fintech company builder FinLeap, earlier this year, he was particularly bullish about the insurance sector and the shake up he expects insurance brokering to receive because of new technology. That’s something we are starting to see happen. Read More

Hannover Re Company Life and Culture

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