Last €32.63 EUR
Change Today +0.487 / 1.52%
Volume 0.0
As of 11:00 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

hannover rueckversicher-adr (HNRB) Snapshot

Open
€32.10
Previous Close
€32.14
Day High
€32.63
Day Low
€32.10
52 Week High
03/27/14 - €32.74
52 Week Low
09/6/13 - €25.86
Market Cap
7.9B
Average Volume 10 Days
10.0
EPS TTM
--
Shares Outstanding
241.2M
EX-Date
05/3/13
P/E TM
--
Dividend
€2.07
Dividend Yield
4.59%
Current Stock Chart for HANNOVER RUECKVERSICHER-ADR (HNRB)

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hannover rueckversicher-adr (HNRB) Details

Hannover Rück SE, together with its subsidiaries, offers reinsurance products and services primarily in Europe, North America, Australasia, and Africa. The company operates in Non-Life Reinsurance, and Life and Health Reinsurance segments. It offers non-life reinsurance products, including specialty lines comprising aviation and space; credit, surety, and political risks; marine, including offshore energy; and structured reinsurance products, which include insurance-linked securities. The company’s non-life reinsurance products also comprise treaty, catastrophe, agricultural risks, and facultative reinsurance. It also offers individual reinsurance solutions in the areas of life, health, annuity, and personal accident; and unit-linked pension, investment, and life assurance products. In addition, the company provides underwriting and claims handling support for life, accident, disability, dread disease, and enhanced annuity products. Hannover Rück SE markets its products and services directly, as well as through brokers. The company was formerly known as Hannover Rückversicherung AG and changed its name to Hannover Rück SE in March 2013. The company was founded in 1966 and is based in Hannover, Germany. Hannover Rück SE is a subsidiary of Talanx AG.

2,419 Employees
Last Reported Date: 03/11/14
Founded in 1966

hannover rueckversicher-adr (HNRB) Top Compensated Officers

Chairman of the Executive Board and Chief Exe...
Total Annual Compensation: €1.3M
Chief Financial Officer and Member of The Exe...
Total Annual Compensation: €877.9K
Member of the Executive Board
Total Annual Compensation: €1.0M
Member of the Executive Board
Total Annual Compensation: €783.4K
Member of the Executive Board
Total Annual Compensation: €773.8K
Compensation as of Fiscal Year 2013.

hannover rueckversicher-adr (HNRB) Key Developments

Hannover Re Group Reports Group Earnings Results for the Year Ended December 31, 2013

Hannover Re Group reported group earnings results for the year ended December 31, 2013. For the year, the company reported net income was EUR 895.47 million, or EUR 7.43 per share, compared to EUR 849.59 million, or EUR 7.04 per share, for the year ended December 31, 2012. Net premium earned was EUR 12.23 billion, compared to EUR 12.28 billion for the year ended December 31, 2012. Net investment income was EUR 1.41 billion, compared to EUR 1.65 billion for the year ended December 31, 2012. Total revenues were EUR 13.64 billion, compared to EUR 13.94 billion for the year ended December 31, 2012.

Hannover Rück SE Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Proposes Dividend for 2013; Provides Dividend Target for 2014; Provides Earnings Guidance for 2014

The Executive Board and Supervisory Board of Hannover Rück SE will propose to the Annual General Meeting that a dividend of EUR 3.00 per share. This is equivalent to a payout ratio of 40% relative to IFRS Group net income. For the financial year 2014, the company is targeting a dividend payout ratio in the range of 35% to 40% of its post-tax IFRS group net income. Hannover Rück SE reported earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported gross written premium of EUR 3,425.5 million against EUR 3,478.3 million for the same period in the last year. Net premium earned was EUR 3,109.4 million against EUR 3,320.3 million for the same period in the last year. Operating profit (EBIT) was EUR 243.3 million against EUR 377.1 million for the same period in the last year. Group net income was EUR 265.2 million against EUR 178.8 million for the same period in the last year. Earnings per share were EUR 2.20 against EUR 1.48 for the same period in the last year. Return on equity was 18.2% against 12.0% for the same period in the last year. For the year, the company reported gross written premium of EUR 13,963.4 million against EUR 13,774.2 million for the same period in the last year. Net premium earned was EUR 12,226.7 million against EUR 12,279.2 million for the same period in the last year. Operating profit (EBIT) was EUR 1,229.1 million against EUR 1,393.9 million for the same period in the last year. Group net income was EUR 895.5 million against EUR 849.5 million for the same period in the last year. Earnings per share were EUR 7.43 against EUR 7.04 for the same period in the last year. Return on equity was 15.0% against 15.4% for the same period in the last year. Book value per share was EUR 48.83 at the end of 2013 against EUR 50.02 the end of 2012. Group net income nevertheless increased by a 5.4%, the very good performance was assisted by a tax effect of around EUR 90 million resulting from the release of provisions for deferred taxes. For the 2014 financial year Hannover Re anticipates - based on constant exchange rates - stable to slightly higher gross premium income. In non-life reinsurance the company is looking to book a broadly stable volume in view of its selective, profit-oriented underwriting policy; in life and health reinsurance an increase in the low to mid-single digit percentage range is expected. The company is aiming for a return on investment of 3.2%. Assuming that major loss expenditure does not significantly exceed the anticipated level of EUR 670 million and provided there are no unexpectedly adverse movements on capital markets, it remains Hannover Re's assumption that group net income for the 2014 financial year will be in the order of EUR 850 million. Then underlining why company believe that the EUR 850 million guidance is quite realistic. Firstly, The company expects a normalizing of results on the life and health side because the company not expecting to have significant strengthening of reserves, for example, on the DII in 2014. So results should improve there, both EBIT, as well as bottom line compared to 2013.

Hannover Rück SE Announces Executive Changes, Effective August 1, 2014

The Supervisory Board of Hannover Rück SE has appointed Sven Althoff as a member of the Executive Board with effect from August 1, 2014. Sven Althoff will succeed Andr? Arrago, who is retiring at the end of August 2014. Since 2003 Mr. Althoff has served as Managing Director responsible for aviation and marine business worldwide as well as non-life treaty reinsurance in the United Kingdom and Ireland. The appointment is still subject to the approval of the Federal Financial Supervisory Authority (BaFin) in accordance with the Insurance Supervision Act.

 

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HNRB

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Valuation HNRB Industry Range
Price/Earnings 8.8x
Price/Sales 0.6x
Price/Book 1.3x
Price/Cash Flow 8.8x
TEV/Sales 0.2x
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