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4-Traders Homepage  >  Equities  >  Xetra  >  Hannover Rueck SE    HNR1   DE0008402215

Real-time Quote. Real-time Tradegate - 07/29 09:55:06 am
91.31 EUR   +0.45%
07/12 HANNOVER RUECK : Release of a notification of major holdings
05/20 HANNOVER RUECK : Release of a notification of major holdings
05/11 German insurers see no need to place Brexit bets
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Hannover Rueckversicherung AG : Hannover Re Estimates Burden of Losses for Wrecked Costa Concordia

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01/23/2012 | 05:05am EDT

As already reported by Hannover Re on 16 January, the incident involving the Costa Concordia cruise ship will result in a major loss for the company. The loss expenditure from marine hull insurance will be in the region of EUR 30 million for the company's net account. Liability claims are difficult to assess at this point in time. The assumption is that a market loss running into triple-digit millions of euros could result. The total loss for Hannover Re - as a leading marine reinsurer - could therefore be in the mid-double-digit million euro range.

Please visit: www.hannover-re.com

Hannover Re, with a gross premium of around EUR 11 billion, is the third-largest reinsurer in the world. It transacts all lines of non-life and life and health reinsurance and is present on all continents with around 2,200 staff. The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor's AA- 'Very Strong' and A.M. Best A 'Excellent').

Please note the disclaimer: www.hannover-re.com/misc/disclaimer-pr-050811

Language:   English
Company: Hannover Rückversicherung AG
Karl-Wiechert-Allee 50 30625
Hannover Germany
Phone: +49-(0)511-5604-1500
Fax: +49-(0)511-5604-1648
E-mail:

info@hannover-re.com

Internet:

www.hannover-re.com

ISIN: DE0008402215
WKN: 840 221
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover; Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Terminbörse EUREX

Hannover Rückversicherung AG
Corporate Communications:
Karl Steinle
tel. +49 511 5604-1500
e-mail: karl.steinle@hannover-re.com
or
Media Relations:
Gabriele Handrick
tel. +49 511 5604-1502
e-mail: gabriele.handrick@hannover-re.com
or
Investor Relations:
Klaus Paesler
tel. +49 511 5604-1736
e-mail: klaus.paesler@hannover-re.com


© Business Wire 2012
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Financials (€)
Sales 2016 16 599 M
EBIT 2016 1 558 M
Net income 2016 1 029 M
Debt 2016 -
Yield 2016 5,20%
P/E ratio 2016 10,36
P/E ratio 2017 10,44
Capi. / Sales 2016 0,66x
Capi. / Sales 2017 0,65x
Capitalization 10 962 M
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Mean consensus HOLD
Number of Analysts 29
Average target price 96,5 €
Spread / Average Target 6,1%
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Managers
NameTitle
Ulrich Wallin Chairman-Executive Board
Herbert K. Haas Chairman-Supervisory Board
Roland Vogel Chief Financial Officer
Wolf-Dieter Baumgartl Member-Supervisory Board
Otto Müller Member-Supervisory Board
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