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Last €90.47 EUR
Change Today +0.328 / 0.36%
Volume 181.3K
HNR1 On Other Exchanges
Symbol
Exchange
Xetra
OTC US
OTC US
Xetra
As of 2:05 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

hannover rueck se (HNR1) Snapshot

Open
€89.56
Previous Close
€90.14
Day High
€91.16
Day Low
€89.53
52 Week High
08/5/15 - €102.54
52 Week Low
10/16/14 - €57.32
Market Cap
10.9B
Average Volume 10 Days
267.2K
EPS TTM
€8.89
Shares Outstanding
120.6M
EX-Date
05/7/15
P/E TM
10.2x
Dividend
€3.00
Dividend Yield
4.70%
Current Stock Chart for HANNOVER RUECK SE (HNR1)

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hannover rueck se (HNR1) Details

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany and internationally. It operates through two segments, Property & Casualty Reinsurance, and Life & Health Reinsurance. The Property & Casualty Reinsurance segment offers specialty lines comprising marine, aviation, and facultative, as well as credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities. This segment also provides risk solutions for agricultural, livestock, and bloodstock businesses; space treaty business; and offshore energy treaty business. The Life & Health Reinsurance segment offers credit life, enhanced annuities, group life, guaranteed simplified issue, elderlies’, and Sharia-compliant Takaful reinsurance products. This segment also provides risk solutions in the areas of critical illness, disability, health, longevity, long term care, mortality, and morbidity. In addition, it offers various financial solutions, including new-business financing; monetization of embedded value; reserve and solvency relief; and divestiture of non-core businesses. Hannover Rück SE markets its products and services directly, as well as through brokers. The company was formerly known as Hannover Rückversicherung AG and changed its name to Hannover Rück SE in March 2013. The company was founded in 1966 and is based in Hannover, Germany. Hannover Rück SE is a subsidiary of Talanx AG.

2,548 Employees
Last Reported Date: 08/5/15
Founded in 1966

hannover rueck se (HNR1) Top Compensated Officers

Chairman of the Executive Board and Chief Exe...
Total Annual Compensation: €1.2M
Chief Financial Officer and Member of the Exe...
Total Annual Compensation: €855.0K
Member of the Executive Board
Total Annual Compensation: €884.4K
Member of the Executive Board
Total Annual Compensation: €765.6K
Member of the Executive Board
Total Annual Compensation: €746.9K
Compensation as of Fiscal Year 2014.

hannover rueck se (HNR1) Key Developments

Hannover Rück SE Provides Dividend Guidance for the Year 2015; Reports Group Earnings Results for the Second Quarter and First Six Months Ended June 30, 2015; Revises Earnings Guidance for the Year 2015

Hannover Rück SE announced that as for the dividend, the company continues to aim for a payout ratio in the range of 35% to 40% of its IFRS group net income after tax. This ratio may increase in light of capital management considerations if the company's comfortable level of capitalization remains unchanged. The company reported group earnings results for the second quarter and first six months ended June 30, 2015. For the quarter, net premium earned was EUR 3,587.5 million compared to EUR 2,926.6 million a year ago. Net investment income was EUR 383.1 million compared to EUR 346.4 million a year ago. Operating profit was EUR 360.4 million compared to EUR 334.1 million a year ago. Group net income was EUR 252.2 million compared to EUR 211.5 million a year ago. Earnings per share were EUR 2.09 compared to EUR 1.75 a year ago. Return on equity was 12.5% compared to 13.3% a year ago. For the six months, net premium earned was EUR 7,019.4 million compared to EUR 5,839.4 million a year ago. Net investment income was EUR 798.8 million compared to EUR 707.5 million a year ago. Operating profit was EUR 789.4 million compared to EUR 683.7 million a year ago. Group net income was EUR 531.9 million compared to EUR 444.4 million a year ago. Earnings per share were EUR 4.41 compared to EUR 3.69 a year ago. Return on equity was 14.0% compared to 14.5% a year ago. Book value per share was EUR 63.62 compared to EUR 62.61 a year ago. The company now expects to be able to generate net income after tax in the order of EUR 950 million for the full 2015 financial year rather than the previous guidance of EUR 875 million. This is conditional upon major loss expenditure not significantly exceeding the anticipated level of EUR 690 million and also assumes that there are no unforeseen adverse developments on capital markets. Based on constant exchange rates, the company is looking to grow its gross premium volume by a figure in the range of 5% to 10%.

Hannover Rück SE, H1 2015 Earnings Call, Aug 05, 2015

Hannover Rück SE, H1 2015 Earnings Call, Aug 05, 2015

Hannover Rück SE Announces Dividend and Special Dividend for the Year 2014

Hannover Rück SE announced that the Annual General Meeting approved the proposal of the Executive Board and Supervisory Board to pay a gross dividend of EUR 4.25 per share for the 2014 financial year. The payout is composed of a dividend amounting to EUR 3.00 per share and a special dividend of EUR 1.25 per share. The special dividend is to be seen as a capital management measure in light of the fact that Hannover Re's capitalization exceeds its capital requirements.

 

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Industry Analysis

HNR1

Industry Average

Valuation HNR1 Industry Range
Price/Earnings 10.2x
Price/Sales 0.7x
Price/Book 1.4x
Price/Cash Flow 10.2x
TEV/Sales 0.5x
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