Hannover R?ck SE, DE0008402215

Hannover R?ck SE, DE0008402215

03.11.2022 - 07:33:53

EQS-News: Hannover Re considers 2022 earnings guidance still achievable despite substantial major loss expenditure

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Hannover Re, with gross premium of more than EUR 27 billion, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with more than 3,000 staff. Established in 1966, the Hannover Re Group today has a network of more than 170 subsidiaries, branches and representative offices worldwide. The Group's German business is written by the subsidiary E+S R?ck. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S R?ck outstanding financial strength ratings: Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior".

Please note the disclaimer:

https://www.hannover-re.com/535917

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Key figures of the Hannover Re Group (IFRS basis)

in EUR million Q1-3/2022 +/- previous year? Q1-3/2021 2021 Hannover Re Group ? ? ? ? Gross written premium 26,251.3 +21.4% 21,619.6 ? Net premium earned 21,585.7 +22.4% 17,633.9 ? Net underwriting result1) (55.7) ? (62.8) ? Net investment income 1,380.3 +1.7% 1,356.9 ? Operating profit (EBIT) 1,328.2 +3.7% 1280.6 ? Group net income 870.6 +1.7% 855.9 ? Earnings per share in EUR 7.22 +1.7% 7.10 ? Retention 90.7% ? 89.8% ? Tax ratio 24.2% ? 26.1% ? EBIT margin2) 6.2% ? 7.3% ? Return on equity 11.5% ? 10.2% 10.8% ? ? ? ? ? in EUR million Q1-3/2022 +/- previous year? Q1-3/2021 2021 Policyholders' surplus 11,921.4 -24.2% ? 15,733.6 Investments (excl. funds held by ceding companies) 58,016.1 +3.2% ? 56,213.2 Total assets 91,205.9 +10.0% ? 82,902.3 Book value per share in EUR 68.42 -30.6% ? 98.55 ? ? ? ? ? Property & Casualty reinsurance ? ? ? in EUR million Q1-3/2022 +/- previous year? Q1-3/2021 2021 Gross written premium 19,484.1 +27.6% 15,269.3 ? Net premium earned 15,561.8 +28.9% 12,075.9 ? Net underwriting result1) 120.8 -52.2% 252.6 ? Operating profit (EBIT) 887.3 -16.4% 1061.2 ? Group net income 544.6 -26.3% 739.2 ? Retention 91.3% ? 90.4% ? Combined Ratio1) 99.2% ? 97.9% ? EBIT margin2) 5.7% ? 8.8% ? ? ? ? ? ? Life & Health reinsurance ? ? ? ? in EUR million Q1-3/2022 +/- previous year? Q1-3/2021 2021 Gross written premium 6,767.2 +6.6% 6,350.3 ? Net premium earned 6,023.7 +8.4% 5,557.7 ? Operating profit (EBIT) 441.3 +100.5% 220.1 ? Group net income 369.2 +146.6% 149.7 ? Retention 88.8% ? 88.3% ? EBIT margin2) 7.3% ? 4.0% ? 1) Including funds withheld ? ? ? ? 2) Operating result (EBIT)/net premium earned ? ? ? ? ? ? ? ? ? ?

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Key figures of the Hannover Re Group (IFRS basis)

in EUR million Q3/2022? +/- previous year? Q3/2021? Hannover Re Group ? ? ? Gross written premium 8,909.0 +24.5% 7,155.0 Net premium earned 7,819.1 +27.8% 6,118.6 Net underwriting result1) (15.9) ? (187.0) Net investment income 400.3 -18.5% 491.1 Operating profit (EBIT) 408.9 +26.0% 324.5 Group net income 221.9 +19.7% 185.4 Earnings per share in EUR 1.84 +19.7% 1.54 Retention 90.1% ? 88.4% Tax ratio 31.4% ? 35.0% EBIT margin2) 5.2% ? 5.3% Return on equity 10.3% ? 6.6% ? ? ? ? Property & Casualty reinsurance ? ? ? in EUR million Q3/2022? +/- previous year? Q3/2021? Gross written premium 6,562.2 +31.2% 5,002.8 Net premium earned 5,742.4 +35.8% 4,229.3 Net underwriting result1) 25.2 ? (64.1) Operating profit (EBIT) 301.2 +6.3% 283.3 Group net income 146.0 -0.8% 147.1 Retention 90.6% ? 88.4% Combined Ratio1) 99.6% ? 101.5% EBIT margin2) 5.2% ? 6.7% ? ? ? ? Life & Health reinsurance ? ? ? in EUR million Q3/2022? +/- previous year? Q3/2021? Gross written premium 2,346.8 +9.0% 2,152.2 Net premium earned 2,076.4 +9.9% 1,889.2 Operating profit (EBIT) 107.6 +162.0% 41.1 Group net income 89.6 +99.4% 44.9 Retention 88.8% ? 88.4% EBIT margin2) 5.2% ? 2.2% 1) Including funds withheld ? ? 2) Operating result (EBIT)/net premium earned ? ? ? ? ? ? ?

ContactCorporate Communications/ Media Relations:? Oliver Suess tel. +49 511 5604-1502?oliver.suess@hannover-re.comInvestor & Rating Agency Relations: Karl Steinle? tel. +49 511 5604-1500?karl.steinle@hannover-re.comInvestor Relations:? Axel Bock? tel. +49 511 5604-1736?axel.bock@hannover-re.com?www.hannover-re.com? ?

03.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.eqs-news.com

Language: English Company: Hannover R?ck SE Karl-Wiechert-Allee 50 30625 Hannover

Germany Phone: +49-(0)511-5604-1500 Fax: +49-(0)511-5604-1648 Internet: www.hannover-re.com ISIN: DE0008402215 WKN: 840 221 Indices: DAX Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange EQS News ID: 1477827 ? End of News EQS News Service

1477827??03.11.2022?CET/CEST

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