German reinsurance company Hannover Re increased its net profit by 7.7% year-on-year to €1.96bn in January-September 2025, according to reports.
Operating profit rose 2.1% to €2.5bn.
Revenues in the core reinsurance business were virtually unchanged at €19.7bn. In particular in the life and health insurance segment, it rose by 0.3% to €5.78bn. In the property and casualty segment, revenue remained at €13.9bn.
Hannover Re improved its net profit forecast for 2025 to around €2.6bn from the previously estimated €2.4bn. The insurer is targeting a profit of at least €2.7bn next year.
Hannover Re’s share price is up 1.9 per cent during trading on Monday. The market value of the company since the beginning of this year increased by almost 5% (up to 30 billion euros), while the stock index DAX added more than 20%.