Hannover Re, satisfactory results in 2018

Hannover Re ended the year 2018 with a net result of 1.06 billion EUR (1.21 billion USD), up by 10.57% compared to 2017. The German reinsurer achieved thus the objectives set at the beginning of the year, despite the losses related to natural disasters.

The turnover reached 19.2 billion EUR (21.9 billion USD), an increase of 7.86% in comparison with the previous year. The combined ratio improved by 3.3 points at 96.5%.

The group's general meeting proposed a dividend of 5.25 EUR (6 USD) per share, representing a profit distribution rate of 59.8%.

For the year 2019, Hannover Re is targeting a net result of nearly 1.1 billion EUR (1.25 billion USD).