Magazine date:
Feb 2015 The moderate level of natural catastrophes’ compensation in 2014 allowed Hannover Re [4] to complete the year with better than expected performance.
The third global reinsurer achieved a net result of 1.2 billion USD, up by 10.1% compared to 2013. This figure is higher than 197 million USD in mid-term estimates of the German reinsurer. Premiums collected in 2014 gained 2.9% at 17.5 billion USD.
However, the year 2015 looks less successful. The group expects net profit down by 11% at 1.06 billion USD. This figure implies maintaining premiums at the level reached in 2014.
NB: growth rate calculated in local currency