Archive 2003
[ 2003-11-26 ]
Press Release on Interim Results 3/2003
- Hannover Re posts highly gratifying interim result: EBIT + 41.5%
- Property and casualty reinsurance + 27.8%
- Life and health reinsurance + 87.6%
- Financial reinsurance + 126.3%
- Program business + 13.7%
- Combined ratio: 97.2%
- All business groups on target or better
- Profit forecast for 2003 revised upwards
[ 2003-08-27 ]
Press Release on Interim Results 2/2003
- Half year net income boosted by 11.0%
- Profit forecast for the full year confirmed
[ 2003-06-12 ]
Capital increase of around EUR 500 million through combined transaction of cash and contribution in kind
- Institutional cash placing of new shares representing 10% of issued share capital
- Majority shareholder will participate through EUR 310 million contribution in kind
- Expansion of highly profitable financial reinsurance operations
- Expanded capital base will enable Hannover Re to fully capitalise on continuously attractive property/casualty reinsurance market by increased retention
[ 2003-05-27 ]
Press Release on Interim Results 1/2003
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Property and casualty reinsurance on target
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All other business groups considerably better than planned
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Capital market situation necessitates further write-offs
[ 2003-05-27 ]
Annual General Meeting approves all proposed resolutions
The Annual General Meeting of Hannover Re - well-attended by around 1,000 participants - approved all proposed resolutions by a large majority.
[ 2003-04-14 ]
Press Release on Annual Results 2002
In its 2002 group financial statements Hannover Re followed up on the outstanding results of the years prior to 2001. As reported by Wilhelm Zeller, Chairman of the Executive Board, at the press briefing on the annual results in Hannover, Hannover Re was able to post the best result achieved by the company in operating terms since it was first established.
[ 2003-03-25 ]
Moody's Insurance Financial Strength Rating for Hannover Re
The rating agency Moody's Investors Service, Inc. announced today that they have downgraded their insurance financial strength rating for Hannover Re from "A2" to "Baa1" with negative outlook.
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