Hannover Re [4] 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 [5].
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).