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Last $50.80 USD
Change Today -0.37 / -0.72%
Volume 4.4K
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

hannover rueckversicher-adr (HVRRY) Key Developments

Hannover Re Group Announces Common and Special Dividend for the Year 2014; Announces Group Earnings Results for the Fourth Quarter and Year of 2014; Provides Earnings Guidance for the Year 2015

Hannover Re Group announced that the company will disburse a dividend of EUR 4.25 per share for 2014, compared with a dividend of EUR 3 per share a year earlier. The payout will consist of a dividend of EUR 3 per share plus a special dividend of EUR 1.25 per share. The company expects net income to amount to about EUR 875 million in 2015, provided major damage claims do not significantly exceed of EUR 690 million. The asset portfolios should continue to grow - at constant exchange rates - in view of the anticipated positive cash flow. The company reported group earnings results for the fourth quarter and year of 2014. For the year, the company reported gross written premium of EUR 14,361.8 million against EUR 13,963.4 million a year ago. Net premium earned was EUR 12,423.1 million against EUR 12,226.7 million a year ago. Net investment income was EUR 1,471.8 million against EUR 1,411.8 million a year ago. Operating profit (EBIT) was EUR 1,466.4 million against EUR 1,229.1 million a year ago. Group net income was EUR 985.6 million or EUR 8.17 per share against EUR 895.5 million or EUR 7.43 per share a year ago. Return on equity was 14.7% against 15.0% a year ago. Book value per share was EUR 62.61 against EUR 48.83 a year ago. For the quarter, the company reported gross written premium of EUR 3,657.3 million against EUR 3,425.5 million a year ago. Net premium earned was EUR 3,457.0 million against EUR 3,109.4 million a year ago. Net investment income was EUR 350.5 million against EUR 358.6 million a year ago. Operating profit (EBIT) was EUR 375.6 million against EUR 243.3 million a year ago. Group net income was EUR 290.2 million or EUR 2.41 per share against EUR 265.2 million or EUR 2.20 per share a year ago. Return on equity was 16.0% against 18.2% a year ago. The increase in net profit by 10% was due to a profit increase at its life and health as well as property and casualty reinsurance operations.

Hannover Re Provides Earnings Guidance for the Year of 2015

Hannover Re provided earnings guidance for the year of 2015. The company is likely to return more than the usual 35% to 40% of its 2015 profit to shareholders. The company expects to reach a net profit of around EUR 875 million (USD 1 billion) in 2015 despite the ongoing price war in the sector.

Hannover Rück SE to Report Fiscal Year 2014 Results on Mar 10, 2015

Hannover Rück SE announced that they will report fiscal year 2014 results on Mar 10, 2015

Hannover Rück SE Presents at Commerzbank German Investment Seminar, Jan-13-2015

Hannover Rück SE Presents at Commerzbank German Investment Seminar, Jan-13-2015 . Venue: New York, New York, United States. Speakers: Ulrich Wallin, Chairman of the Executive Board and Chief Executive Officer.

Hannover Rück SE Presents at Morgan Stanley European Financials Conference 2015, Mar-24-2015 03:00 PM

Hannover Rück SE Presents at Morgan Stanley European Financials Conference 2015, Mar-24-2015 03:00 PM. Venue: The London Hilton on Park Lane, 22 Park Lane, London W1K, United Kingdom. Speakers: Ulrich Wallin, Chairman of the Executive Board and Chief Executive Officer.

 

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HVRRY

Industry Average

Valuation HVRRY Industry Range
Price/Earnings 10.3x
Price/Sales 0.7x
Price/Book 1.3x
Price/Cash Flow 10.3x
TEV/Sales 0.4x
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