31.01.2023 19:05:05

EQS-Adhoc: Hannover Rück SE: Hannover Re expects Group net income of at least EUR 1.7 billion in 2023

EQS-Ad-hoc: Hannover Rück SE / Key word(s): Forecast
Hannover Rück SE: Hannover Re expects Group net income of at least EUR 1.7 billion in 2023

31-Jan-2023 / 19:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.



Based on the continued favourable market environment, Hannover Re expects to grow its Group net income* to at least EUR 1.7 billion for the 2023 financial year.

The 2023 consolidated financial statements will be prepared using the new accounting standards (IFRS 17/9) for the first time. Reinsurance revenue is expected to grow by at least 5% at constant exchange rates and the return on investment from assets under own management should be at least 2.4%.

As usual, all statements regarding future targets are subject to the premises that there are no unforeseen distortions on capital markets, that large loss expenditure remains within the expected value of EUR 1.725 billion and the Covid-19 pandemic does not have any further significant impact on the result in life and health reinsurance.

*With regard to IFRS 17/9, there is neither a market consensus nor comparable published figures from the previous year.
 

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Language: English
Company: Hannover Rück SE
Karl-Wiechert-Allee 50
30625 Hannover
Germany
Phone: +49-(0)511-5604-1500
Fax: +49-(0)511-5604-1648
Internet: www.hannover-re.com
ISIN: DE0008402215
WKN: 840 221
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 1548161

 
End of Announcement EQS News Service

1548161  31-Jan-2023 CET/CEST

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