Robust Q1 Results

Hannover Re’s first‑quarter 2024 results show a 48 % jump in group net income to €710.6 million (vs. €480.5 million a year earlier), with earnings per share rising to €5.89 from €3.98. Operating profit (EBIT) grew 39.4 % to €971.1 million, and the net reinsurance service result improved 72.9 % to €890.2 million. Gross reinsurance revenue fell 6.4 % to €6.52 billion, though life and health reinsurance posted a 15 % currency‑adjusted gain while property‑and‑casualty revenue dropped 4.7 % on unchanged exchange rates. The company maintains its fiscal‑2026 outlook, targeting a minimum €2.7 billion in group net income, and is confident in achieving mid‑single‑digit revenue growth in traditional property‑and‑casualty reinsurance, supported by an 18.8 % premium‑growth rate in April renewals.