Hannover Rück (ETR:HNR1) Full Year 2024 Results

Key Financial Results

Revenue: €26.5b (up 2.9% from FY 2023). Net income: €2.33b (up 28% from FY 2023). Profit margin: 8.8% (up from 7.1% in FY 2023). EPS: €19.31 (up from €15.13 in FY 2023).XTRA:HNR1 Revenue and Expenses Breakdown March 15th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hannover Rück Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 1.7%.

The primary driver behind last 12 months revenue was the Property & Casualty Reinsurance segment contributing a total revenue of €20.3b (77% of total revenue). Notably, cost of sales worth €23.4b amounted to 88% of total revenue thereby underscoring the impact on earnings.Explore how HNR1's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Insurance industry in Europe.

Performance of the market in Germany.

The company's shares are up 2.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Hannover Rück's balance sheet.

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