Profit up by 5.4% for Hannover Re

Hannover Re has reported a net profit of 1.23 billion USD in 2013, an increase of 5.4% compared to 2012 (1.1 billion USD).

This result is supported by gross written premiums amounting to 19.2 billion USD and losses of 795.1 million USD.

Major losses of German reinsurer in 2013 were the hailstorm Andreas (136.7 million USD) and the floods in Germany and the rest of Europe (127.3 million USD).

Note: percentages calculated in local currency

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