Hannover Re posts higher full-year profit
- November 4, 2025
- Posted by: Web workers
- Category: Finance
(Reuters) — Hannover Re Thursday reported its financial year profit for 2024 rose from the previous year.
The German reinsurer said it continues to anticipate group net income of around €2.4 billion ($2.49 billion) for this year.
Group net income for 2024 increased to €2.3 billion from €1.8 billion the previous year.
Operating profit totaled €3.3 billion, up from €1.97 billion. Property/casualty reinsurance contributed €2.4 billion, up from €1.1 billion.
Reinsurance revenue of €26.4 billion was up from €24.5 billion.
Hannover Re said it increased the premium income in traditional property/casualty reinsurance by 7.6% in the treaty renewals as of Jan. 1.
“Demand for high-quality reinsurance capacities was once again higher than in the previous year,” Hannover Re CEO Jean-Jacques Henchoz said.
“Looking ahead to our targets for 2025, the successful renewals in January give me grounds for optimism. “Growth in traditional business, as well as the double-digit increase in structured reinsurance, will be pivotal to achieving our growth target for 2025.”
Hannover Re plans to publish its audited annual financial statement on March 13.
