Hannover Rueck SE

Hannover is global reinsurance company. Co. operates through two business groups, Non-Life Reinsurance and Life and Health Reinsurance. Non-Life Reinsurance provides structured reinsurance solutions. Co.'s target markets are Germany and North America, and its specialty lines include Marine, Aviation, Credit and Surety, Structured Reinsurance, Insurance-Linked Securities and the United Kingdom, London market and direct business. Non-Life Reinsurance's Global Reinsurance consists of treaty reinsurance worldwide, facultative reinsurance and global catastrophe business. Life and Health Reinsurance provides solutions for life and health reinsurance and financial solutions.
  • Ticker840221
  • ISINDE0008402215
  • SectorNonlife Insurance
  • CountryGermany

Analysts

HANNOVER RUCK.AG with less fundamental stars is reduced to Neutral

HANNOVER RUCK.AG (DE), a company active in the Reinsurance industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date December 7, 2018, the closing price was EUR 118.50 and its expected value was estimated at EUR 121.44...

Henry Heathfield

Morningstar | HNR1 Updated Forecasts and Estimates from 30 Nov 2018

While reinsurance still faces pricing pressure in the near term, we believe Hannover Re is in a better position to weather the headwinds, given its exposure to moatier specialist lines. The benign natural catastrophe environment largely continues and has led to strong insurance balance sheets, but alternative capital continues to compound the issue. Hannover Re’s booked losses have not been enough to offset cyclical headwinds, which will remain until we see a heavy U.S. natural catastrophe event.Reinsurance is about cycle management, underwriting discipline, reputation, capital, and cost contr...

Henry Heathfield

Hannover Re Is Probably One of the Highest Quality Reinsurers in the Market

Hannover Re reported nine-month net income of EUR 725 million, EUR 170 million for the third quarter. Much the same as Munich Re on Nov. 7, we are not overly impressed with these results. They just plainly look light given the natural catastrophe environment, and while tougher, though nowhere new hard enough, comparable period. We're going to maintain our fair value estimate, which was already a 10% discount to the market. Granted, Hannover Re earns more than its cost of capital, which is rare i...

Henry Heathfield

Morningstar | HNR1 Updated Forecasts and Estimates from 30 Nov 2018

While reinsurance still faces pricing pressure in the near term, we believe Hannover Re is in a better position to weather the headwinds, given its exposure to moatier specialist lines. The benign natural catastrophe environment largely continues and has led to strong insurance balance sheets, but alternative capital continues to compound the issue. Hannover Re’s booked losses have not been enough to offset cyclical headwinds, which will remain until we see a heavy U.S. natural catastrophe event.Reinsurance is about cycle management, underwriting discipline, reputation, capital, and cost contr...

Henry Heathfield

Hannover Re Is Probably One of the Highest Quality Reinsurers in the Market

Hannover Re reported nine-month net income of EUR 725 million, EUR 170 million for the third quarter. Much the same as Munich Re on Nov. 7, we are not overly impressed with these results. They just plainly look light given the natural catastrophe environment, and while tougher, though nowhere new hard enough, comparable period. We're going to maintain our fair value estimate, which was already a 10% discount to the market. Granted, Hannover Re earns more than its cost of capital, which is rare i...

Roland Pfaender

Hannover Re : Premium growth should continue to drive earnings into 2019e

>Outlook for 2019 supports our unchanged estimates - Hannover Re reported a mixed bag of Q3 2018 results. While P/C reinsurance earnings were below estimates, the L/H reinsurance result came in ahead of expectations due to lower commutation charges booked for the legacy US mortality business. Group EBIT stood at € 250m vs our estimate of € 134m and consensus of € 161m. The annualized ROE for the quarter came to 8.2%. We leave our estimates broadly unchanged as higher ...

Henry Heathfield

Morningstar | Disappointing Nine Months for Hannover Re; Shares Overvalued

Hannover Re reported nine-month net income of EUR 725 million, EUR 170 million for the third quarter. Much the same as Munich Re on Nov. 7, we are not overly impressed with these results. They just plainly look light given the natural catastrophe environment, and while tougher, though nowhere new hard enough, comparable period. We're going to maintain our fair value estimate, which was already a 10% discount to the market. Granted, Hannover Re earns more than its cost of capital, which is rare in the insurance industry, and this is a quality franchise. However, the over 1.5 times book value is...

Henry Heathfield

Morningstar | Hannover Re Is Probably the Best Specialist Reinsurance Franchise, but You Pay a Premium

While reinsurance still faces pricing pressure in the near term, we believe Hannover Re is in a better position to weather the headwinds, given its exposure to moatier specialist lines. The benign natural catastrophe environment largely continues and has led to strong insurance balance sheets, and alternative capital continues to compound the issue. Hannover Re’s booked losses have not been enough to offset cyclical headwinds, which will remain until we see a heavy U.S. natural catastrophe event.Reinsurance is about cycle management, underwriting discipline, reputation, capital, and cost contr...

A director sold 2,827 shares at 106.160EUR and

A director at Hannover Rueckversicherungs Ag sold 2,827 shares at 106.160EUR and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. ...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/11/2018

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Ahmed Ben Salem ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Igor Kim
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Martial Descoutures
  • Pierre Corby
  • Roland Pfaender
  • Steven Gould
  • Valentin Pernet
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/01/2018

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Ahmed Ben Salem ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Igor Kim
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Martial Descoutures
  • Pierre Corby
  • Roland Pfaender
  • Steven Gould
  • Valentin Pernet
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/11/2018

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HANNOVER RUCK.AG with less fundamental stars is reduced to Neutral

HANNOVER RUCK.AG (DE), a company active in the Reinsurance industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date December 7, 2018, the closing price was EUR 118.50 and its expected value was estimated at EUR 121.44...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

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MarketLine Department

Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Summary Marketline's Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft since January2007. Synopsis Marketline's Company...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 10/05/2017

General: Hannover Rück SE (Hannover Re) was established in 1966 under the name "Aktiengesellschaft für Transport- und Rückversicherung". The gross written premium of the Hannover Re Group has since grown from EUR 0.05m to around EUR 16.4bn in 2016 which makes it the third largest reinsurer in the world. The Company transacts nonlife reinsurance since 1966. Life and health reinsurance is a strategic growth segment since 1990. The Company is present on all continents with around 2,500 staff.Agenda: We have no concerns over the agenda items at this year's AGM.In line with German law, the auditor ...

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