Hannover Re

Hannover Re
legal form	European society
ISIN	DE0008402215
founding	1966
Seat	Hanover , Germany
management	Jean-Jacques Henchoz, CEO; Sven Althoff ; Claude Chèvre ; Klaus Miller ; Michael Pickel ; Silke Sehm ; Roland Vogel; Torsten Leue, Chairman of the Supervisory Board ;
Number of employees	3,083
sales	22.6 billion euros (gross premiums, 2019)
Branch	Reinsurance
Website	www.hannover-rueck.de
	As of December 31, 2019

The Hannover Rück SE is a publicly listed German reinsurance company headquartered in Hanover and is the majority shareholder Talanx Corporation. It has its origins in the joint stock company for transport and reinsurance (ATR) founded in 1966 and is now one of the three largest reinsurers in the world.

background

Company headquarters in Hanover

With a premium volume of over EUR 22 billion, Hannover Re is one of the world's leading reinsurance groups. It operates all lines of property and life and health reinsurance and has a network of subsidiaries and affiliated companies, branches and representative offices on all five continents with more than 3,000 employees. The Group's German business is operated by the subsidiary E + S Rück.

The rating agencies important for the insurance industry have awarded both Hannover Re and E + S Rück very good financial strength ratings (Standard & Poor's AA- “Very Strong”, AM Best A + “Superior”).

Hannover Re was founded in 1966 as a "stock corporation for transport and reinsurance". Since then, the gross written premium has grown from EUR 0.05 million to EUR 22.6 billion in 2019.

Share and shareholders

The majority shareholder since February 2006 has been HDI Haftpflichtverband der Deutschen Industrie , which holds 50.2% of the Hannover Re shares through Talanx AG. A share of 43.73% is in free float . The remaining shares are divided between BlackRock, Inc. (3.05%) and Deutsche Asset Management Investment GmbH (3.02%). From March 23, 2009 to September 18, 2009 the company was listed in the DAX . After this period, the share is listed in the MDAX again . Hannover Re is also listed in the Lower Saxony NISAX20 share index .

Financial metrics

Key figures of the Hannover Re Group in a multi-year comparison:

size	2015	2016	2017	2018	2019
Gross written premiums in € m	17,068.7	16,353.6	17,790.5	19,176.4	22,597.6
Net premiums earned in € million	14,593.0	14,410.3	15,631.7	17,289.1	19,729.7
Underwriting result in € m	488.9	448.1	−253.6	156.9	−9.7
Consolidated net income in € million	1,150.7	1,171.2	958.6	1,059.5	1,284.2
Balance sheet total in € million	63,214.9	63,528.6	61,196.8	64,508.6	71,356.4
Share price at year-end in €	105.65	102.80	104.90	117.70	172.30
Market capitalization at year-end in € million	12,741.1	12,397.4	12,650.6	14,194.3	20,778.9