Hannover Re, which is alleged to be the world’s third largest reinsurer, has printed its earnings report for 2022.
Right here’s how Hannover Re, a part of Talanx Group, fared through the 12 months:
|
Metric
|
2022
|
2021
|
|---|---|---|
|
Gross written premium (GWP)
|
€33.3 billion
|
€27.8 billion
|
|
Web underwriting outcome
|
€(124.5 million)
|
€(211.1 million)
|
|
Web funding earnings
|
€2.1 billion
|
€1.9 billion
|
|
Working revenue
|
€2.1 billion
|
€1.7 billion
|
|
Group internet earnings
|
€1.4 billion
|
€1.2 billion
|
Of the group GWP, €24.2 billion got here from property & casualty (P&C) reinsurance whereas life & well being (L&H) reinsurance contributed €9 billion. By way of working revenue, the break up stood at €1.4 billion and €737 million, respectively, for P&C and L&H reinsurance.
When it got here to internet earnings, P&C noticed a decline of 18.7% to €880 million, whereas L&H loved a surge from €197 million to €588 million within the firm’s newest set of financials.
Chief govt Jean-Jacques Henchoz commented: “Within the 2022 monetary 12 months we as soon as once more demonstrated Hannover Re’s resilience. The atmosphere through which we’re working stays difficult. Property & casualty reinsurance, specifically, noticed heavy losses in 2022 from pure catastrophes, the struggle in Ukraine, and the pandemic.
“Due to good revenue contributions from the investments and from life & well being reinsurance, we had been nonetheless in a position to ship a delightful group internet earnings. Constructing on this success, we are able to supply our shareholders the prospect of an much more enticing dividend.”
The dividend distribution to be proposed at Hannover Re’s annual normal assembly is €6 per share.