Hannover Re: confirms outlook for 2021

(CercleFinance.com) - Gross written premiums increased by 12% to 21.
6 billion euros at 30 September.

At constant exchange rates, growth reached 14%. Net earned premiums increased 12% to 17.6 billion euros, representing currency-adjusted growth of 14%.

Meanwhile, EBIT increased by 42% to 1,281 million euros. Net income group share improved by 28% over the first nine months of the year to 856 million euros. EPS therefore reached 7.10 euros (against 5.54 euros).

Hannover Re still expects FY 2021 net income of 1.15 billion to 1.25 billion euros for FY 2021. For FY 2022, Hannover Re expects net income of 1.4 billion to 1.5 billion euros.



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