Hannover Re H1 profit rises 7% to €1.4 billion, backs full-year target

Earnings
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Hannover Re reported a 7% increase in first-half group net income to 1.4 billion euros, up from 1.3 billion euros a year earlier, and confirmed it is on track to achieve its fiscal 2026 earnings guidance of at least 2.7 billion euros. Operating profit rose 9.7% to 1.9 billion euros, while gross reinsurance revenue declined 3.1% to 12.9 billion euros, though it would have grown 0.7% on a constant currency basis. Within that total, property and casualty reinsurance gross revenue fell 8% to 8.8 billion euros, and large-loss payments dropped to 784.7 million euros from 976.1 million euros, coming in below the budgeted expectation of 1.025 billion euros. Earnings per share increased to 11.66 euros from 10.90 euros, and the net reinsurance service result climbed to 1.7 billion euros from 1.4 billion euros.

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