Hannover Re
- Market Capitalization€17.1 B2022-08-03
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.
| Type | Public | |
| Founded | 1966 | |
| HQ | Hannover, DE | Map |
| Website | hannover-re.com | |
| Employee Ratings |
Recent NewsAll News
- Penn River Partners with Hannover Re US to launch Reinsurance addition to its digital platform for life and annuity insurers
- Dow Jones Newswires: Hannover Re backs 2020 guidance after profit rise
- Dow Jones Newswires: Hannover Re lifts profit guidance as net profit doubles
- 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
Key People/Management at Hannover Re
Jean-Jacques Henchoz
Chairman of the Executive Board
Clemens Jungsthöfel
Chief Financial Officer
Sven Althoff
Member of the Executive Board - Property & Casualty
Claude Chèvre
Member of the Executive Board - Life & Health
Klaus Miller
Member of the Executive Board - Life & Health
Michael Pickel
Member of the Executive Board - Property & Casualty
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
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.
- Source: Company Filings
Annual
| EUR | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Gross profit | 18.4b | 21.2b | 23.0b | 26.5b |
Interest expense | (92.4m) | (99.6m) | (102.6m) | (161.3m) |
Interest income | 956.9m | 1.0b | 1.0b | 1.1b |
Pre tax profit | 1.5b | 1.8b | 1.1b | 1.7b |
Quarterly
| EUR | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Gross profit | 5.0b | 5.2b | 5.6b | 5.6b | 5.9b | 5.6b | 6.2b | 6.6b | 6.4b | 7.3b |
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 | 429.1m | 470.7m | 432.0m | 403.2m | 53.2m | 374.9m | 385.1m | 530.9m | 303.2m | 375.3m |
- Source: Company Filings
Annual
| EUR | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Cash | 1.1b | 1.1b | 1.3b | 1.4b |
Accounts Receivable | 4.0b | 5.3b | 5.6b | 7.2b |
Current Assets | 62.6b | 70.3b | 70.1b | 81.6b |
PP&E | 29.8m | 27.0m | 31.3m | 35.5m |
Quarterly
| EUR | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.3b | 1.2b | 1.4b | 1.4b | 1.2b | 1.3b | 1.4b | 1.4b | 1.7b | 1.4b |
Accounts Receivable | 4.9b | 5.1b | 5.4b | 5.7b | 6.2b | 6.1b | 6.8b | 7.2b | 7.4b | 9.1b |
Current Assets | 66.8b | 66.9b | 70.3b | 71.6b | 72.2b | 71.6b | 75.8b | 76.8b | 80.5b | 85.1b |
- Source: Company Filings
Annual
| EUR | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Net Income | 1.1b | 1.3b | 883.1m | 1.2b |
Accounts Payable | (5.5m) | 188.6m | (575.5m) | 49.9m |
Quarterly
| EUR | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 293.7m | 662.5m | 1.0b | 300.9m | 402.4m | 667.8m | 305.9m | 670.6m | 855.9m | 263.6m |
Accounts Payable | (30.7m) | (925.9m) | 983.9m | 179.5m | (1.2b) | 617.0m | 18.8m | (635.8m) | 671.1m | 69.1m |
- Source: Company Filings
| EUR | FY, 2018 |
|---|---|
Financial Leverage | 6.8 x |
Hannover Re Revenue Breakdown
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
Hannover Re Environment, Social & Governance (ESG) Ratings
Hannover Re Online and Social Media Presence
116 Twitter followers
Hannover Re has 116 Twitter Followers. The number of followers has increased 0.9% month over month and increased 1.3% quarter over quarter
Hannover Re's Trends
Hannover Re News and Updates
June 08, 2021
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....
February 05, 2020
Dow Jones Newswires: Hannover Re backs 2020 guidance after profit rise
Profit for the year was about 1.28 billion euros ($1.41 billion), up from EUR1.05 billion a year earlier, the German reinsurer said Wednesday.
November 06, 2019
Dow Jones Newswires: Hannover Re lifts profit guidance as net profit doubles
The performance led the company to raise its profit target for the year. It now expects net profit of more than EUR1.25 billion from previous guidance of around EUR1.1 billion.
December 04, 2018
Reinsurance Market 2018 by Types, Application (Direct Writing & Broker), Key Players (Munich Re, Swiss Re, Hannover Re, SCOR SE, Lloyd’s, RGA, Korean Re, PartnerRe), Growth Rate, Global Overview & Forecast to 2025
In 2017, the global Reinsurance market size was 247500 million US$ 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.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies