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Hannover Rueck SE (HVRRY)
OTHER OTC:HVRRY
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Earnings Data
Report Date
Mar 13, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.87Last Year’s EPS
$0.64Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -1.03%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance with significant growth in net income and investment returns, alongside challenges in the life and health segment and impacts from large losses and real estate impairments.Company Guidance
During the earnings call for Hannover Re (HNR1.DE) discussing the first nine months of 2024, the executives provided updated guidance and financial metrics. The company recorded a net positive one-off tax effect of EUR 120 million in Q3, contributing to a group net income of over EUR 1.8 billion, with an updated full-year target of around EUR 2.3 billion. Property and casualty reinsurance revenue saw a forex-adjusted growth of about 10%, with a combined ratio of 87.9%, comfortably below the target of 89%. The life and health reinsurance revenue remained stable, but new business generation reached nearly EUR 0.5 billion. The return on investment was 3.1%, above the target, and the solvency ratio stood at 260%. For 2025, the company expects a group net income of around EUR 2.4 billion, with reinsurance revenue growth above 7% and a combined ratio below 88%. The return on equity for the year was 22.9%, highlighting strong earnings power.Strong Financial Performance
Net income for the first 9 months reached over EUR 1.8 billion, with an updated full-year target of EUR 2.3 billion, surpassing the initial target of EUR 2.1 billion.
Property & Casualty Growth
P&C reinsurance revenue grew by about 10% when adjusted for foreign exchange, with a combined ratio of 87.9%, reflecting strong profitability.
Investment Performance
Return on investment reached 3.1%, surpassing the target of 2.8%, driven by strong ordinary income and increased returns from fixed income securities.
Shareholders' Equity and Solvency
Shareholders' equity increased by 10%, with a solvency ratio of 260%, despite a 15% decrease from the end of Q2 due to foreseeable dividends and planned growth.
Return on Equity
Return on equity was reported at 22.9%, indicating strong earnings power.
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HVRRY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HVRRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $42.74 | $43.64 | +2.11% |
| Aug 12, 2024 | $39.34 | $41.43 | +5.31% |
| May 14, 2024 | $42.37 | $40.96 | -3.33% |
| Mar 18, 2024 | $43.41 | $43.37 | -0.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hannover Rueck SE (HVRRY) report earnings?
Hannover Rueck SE (HVRRY) is schdueled to report earning on Mar 13, 2025, Before Open Not Confirmed.
What is Hannover Rueck SE (HVRRY) earnings time?
Hannover Rueck SE (HVRRY) earnings time is at Mar 13, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HVRRY EPS forecast?
HVRRY EPS forecast for the fiscal quarter 2024 (Q4) is $0.87.
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