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

Henry Heathfield

Morningstar | Hannover Re: a brilliantly run and well-constructed specialist reinsurer.

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...

Henry Heathfield

Hannover Re: a brilliantly run and well-constructed specialist reinsurer.

Hannover Re reported half-year results of EUR 555 million net income and just shy of 4% improvement on the prior year. This is very slightly below our estimates, but for the time being we are maintaining our EUR 110 per share fair value estimate and narrow moat rating. The period has been impacted, continually, from rising losses from U.S. mortality businesses. This problem just isn’t going away as we have written on this in several past quarters. The drag is improving, but it is still prevalent...

Henry Heathfield

Morningstar | Hannover First Half: U.S. Mortality Still Issue, Second-Half Recapture Uncertain, Shares Overvalued

Hannover Re reported half-year results of EUR 555 million net income and just shy of 4% improvement on the prior year. This is very slightly below our estimates, but for the time being we are maintaining our EUR  110 per share fair value estimate and narrow moat rating. The period has been impacted, continually, from rising losses from U.S. mortality businesses. This problem just isn’t going away as we have written on this in several past quarters. The drag is improving, but it is still prevalent. The project launched last year to analyse this 2009 block underperformance is ongoing, but the ...

Henry Heathfield

Morningstar | Hannover Re: a brilliantly run and well-constructed specialist reinsurer.

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...

Henry Heathfield

Hannover Re: a brilliantly run and well-constructed specialist reinsurer.

Hannover Re reported half-year results of EUR 555 million net income and just shy of 4% improvement on the prior year. This is very slightly below our estimates, but for the time being we are maintaining our EUR 110 per share fair value estimate and narrow moat rating. The period has been impacted, continually, from rising losses from U.S. mortality businesses. This problem just isn’t going away as we have written on this in several past quarters. The drag is improving, but it is still prevalent...

Henry Heathfield

Morningstar | Hannover First Half: U.S. Mortality Still Issue, Second-Half Recapture Uncertain, Shares Overvalued

Hannover Re reported half-year results of EUR 555 million net income and just shy of 4% improvement on the prior year. This is very slightly below our estimates, but for the time being we are maintaining our EUR  110 per share fair value estimate and narrow moat rating. The period has been impacted, continually, from rising losses from U.S. mortality businesses. This problem just isn’t going away as we have written on this in several past quarters. The drag is improving, but it is still prevalent. The project launched last year to analyse this 2009 block underperformance is ongoing, but the ...

Henry Heathfield

Hannover First Half: U.S. Mortality Still Issue, Second-Half Recapture Uncertain, Shares Overvalued

Hannover Re reported half-year results of EUR 555 million net income and just shy of 4% improvement on the prior year. This is very slightly below our estimates, but for the time being we are maintaining our EUR 110 per share fair value estimate and narrow moat rating. The period has been impacted, continually, from rising losses from U.S. mortality businesses. This problem just isn’t going away as we have written on this in several past quarters. The drag is improving, but it is still prevalent...

Philipp Häßler, CFA

HANNOVER RE - Q2 results above expectations

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. ...

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

Hannover Ruck SE - Strategy, SWOT and Corporate Finance Report

Synopsis Hannover Ruck SE - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Summary - Detailed information on Hannover Ruck SE required for business and competitor intelligence needs - A study of the major internal and external factors affecting Hannover Ruck SE in the form of a SWOT analysis - An in-depth view of the business model of Hannover Ruck SE including a breakdown and ...

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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