News Reinsurance13 Aug 2019

1H2019 Results:19% growth in half-year profit for Hannover Re


German reinsurer Hannover Re reported a successful first half-year both in property and casualty (P&C) reinsurance as well as in life and health (L&H) reinsurance with group net income seeing a significant 19.3% increase to EUR662.5m ($741.4m) compared to the previous year's equivalent period. At the same time, its gross written surged by 17.1% to EUR11.7bn and net premium earned climbed by 12.1% to EUR9.4bn (unadjusted for exchange rate effects).

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