Hannover Re: H1 2025 results

Hannover Re closed the first half of the current year with reinsurance revenue of 13.3 billion EUR (15.6 billion USD), showing a year-on-year increase of 3.3%.

The operating result improved by 6.3% to 1.8 billion EUR (2.1 billion USD). The German group's half-year net profit reached 1.3 billion EUR (1.5 billion USD), climbing 13.2% compared with the same period in 2024.

The company's shareholders' equity amounted to 11.1 billion EUR (13 billion USD) with a return on equity (ROE) of 23%.

During the first half of 2025, natural catastrophe losses totaled 935 million euros (1.1 billion USD), with 615.1 million EUR (720.6 million USD) attributed to the Los Angeles wildfires.

The fire at an oil refinery in Texas, the earthquake in Myanmar, and the tornadoes in the US Midwest cost Hannover Re 76, 59, and 50 million EUR (89, 69, and 58.6 million USD), respectively.