Hannover Rueck SE Registered Shares

HNR1: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Hannover Re Earnings: Beats Consensus Again; Shares Fairly Valued

Henry Heathfield

Nov 11, 2024

Hannover Re is continuing to deliver sound results over the year. Net income year to date is EUR 1.8 billion with EPS of EUR 15.13. This sets the business up well and accordingly, full-year guidance has been raised from EUR 2.1 billion to EUR 2.3 billion for the full year. Profit is also ahead of company-compiled consensus almost across the board. We raise our fair value estimate to EUR 238 per share and maintain our no moat rating.

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Hannover Rueck SE Registered Shares

Hannover Re Earnings: Beats Consensus Again; Shares Fairly Valued

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