Hannover Re achieved a 19.3% increase in its net result during the first half of 2019. This growth is accounted for by the good performance of life and health reinsurance and a significant expansion in property and casualty reinsurance.
The gross written premiums rose by 17% at 11.7 billion EUR (12.9 billion USD), against 10 billion EUR (11.08 billion USD) for the same period last year. It is the P&C unit which drove the growth with a turnover of 7.8 billion (8.6 billion USD), that is a 21.3% growth.
The latter recorded a net result of 431.3 million EUR (478.2 million USD), a stable figure compared to 2018.
Life and health division also performed well reporting a net result of 257.7 million EUR (285.7 million USD), up by 75.5% compared to the same period of the previous year. The gross premiums, however, reached 3.8 billion EUR (4.2 billion), rising by 9.3%.
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