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4-Traders Homepage  >  Equities  >  Xetra  >  Hannover Rückversicherung    HNR1   DE0008402215

HANNOVER RÜCKVERSICHERUNG (HNR1)
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Hannover Rueckversicherung AG : Hannover Re Estimates Burden of Losses for Wrecked Costa Concordia

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01/23/2012 | 11:05am CEST

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:

[email protected]

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: [email protected]
or
Media Relations:
Gabriele Handrick
tel. +49 511 5604-1502
e-mail: [email protected]
or
Investor Relations:
Klaus Paesler
tel. +49 511 5604-1736
e-mail: [email protected]


© Business Wire 2012
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Financials (€)
Sales 2018 18 162 M
EBIT 2018 1 587 M
Net income 2018 1 047 M
Debt 2018 -
Yield 2018 4,36%
P/E ratio 2018 13,18
P/E ratio 2019 11,85
Capi. / Sales 2018 0,78x
Capi. / Sales 2019 0,75x
Capitalization 14 086 M
Chart HANNOVER RÜCKVERSICHERUNG
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Hannover Rückversicherung Technical Analysis Chart | HNR1 | DE0008402215 | 4-Traders
Technical analysis trends HANNOVER RÜCKVERSICHERUNG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 110 €
Spread / Average Target -5,6%
EPS Revisions
Managers
NameTitle
Ulrich Wallin Chief Executive Officer
Herbert K. Haas Chairman-Supervisory Board
Roland Helmut Vogel Chief Financial Officer
Wolf-Dieter Baumgartl Member-Supervisory Board
Otto Müller Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
HANNOVER RÜCKVERSICHERUNG12.39%17 306
MUENCHENER RUECKVERSICHERUNG8.33%37 295
EVEREST RE GROUP11.63%11 355
RENAISSANCERE HOLDINGS LTD.9.91%5 533
VALIDUS HOLDINGS, LTD.44.10%5 363
IRB BRASIL RESSEGUROS SA44.51%4 326