Archive 2004
[ 2004-11-11 ]
Press Release on Interim Results 3/2004
- Strategy of diversification ensures return-on-equity target will be reached
- Property and casualty reinsurance generates improved operating profit (EBIT) and net income
- Combined ratio in property and casualty reinsurance 97.1 %
- Life and health reinsurance as well as financial reinsurance deliver very good profit contributions
- Program business hit hardest by windstorm events
- Net investment income +9.3%
[ 2004-10-12 ]
Hannover Re expects 2004 performance to exceed its return-on-equity target and reaffirms existing profit expectation for 2005
The net burden of losses before tax for Hannover Re resulting from all these windstorm events totalled almost EUR 340 million in the third quarter (see the enclosed table for further details). As things currently stand, this figure is to a large extent still based on estimates; nevertheless, in view of the structure of its protection covers, it is the company's assumption that this amount cannot be significantly exceeded.
[ 2004-08-12 ]
Press Release on Interim Results 2/2004
- Profits rise again with planned reduction of gross premium volume
- Operating profit (EBIT) + 31.6%
- Net income + 30.2%
- Net investment income + 16.6%
- Combined ratio in property and casualty reinsurance 94.3% (previous year: 98.6%)
[ 2004-06-02 ]
Annual General Meeting approves all proposed resolutions
The Annual General Meeting of Hannover Re, which was very well attended with more than 1,500 participants, approved all proposed resolutions by a large majority.
[ 2004-05-17 ]
Press Release on Interim Results 1/2004
- Vigorous surge in profitability despite considerable premium decline
- Operating profit (EBIT) + 41.8%
- Quarterly net income + 36.1%
- Net investment income + 43.5%
- Combined ratio in property and casualty reinsurance 95.4%
[ 2004-03-29 ]
Press Release on Annual Results 2003
- Highest operating profit (EBIT) in company's history
- Combined ratio in property and casualty reinsurance 96.0%
- Financial reinsurance triples operating profit
- Net income in life and health reinsurance increases by more than half
- Return on investments surpasses five-percent mark
- Policyholders' surplus 3.7 billion euro (previous year: 3.0 billion euro)
- Return on equity 17.1% (15.7%)
- Proposed dividend: + 11.8% to 95 cents a share (85 cents)
[ 2004-02-18 ]
Hannover Re successfully issues further hybrid capital
Hannover Re has successfully placed a subordinated debt issue of EUR 750 million in the European capital markets today via its guaranteed subsidiary Hannover Finance (Luxembourg) S.A.
[ 2004-02-11 ]
Hannover Re to issue further hybrid capital
- Take advantage of the current attractive interest rate environment
- Repurchase US dollar debt at highly advantageous exchange rate
- Repayment of surplus debenture will help avoid significant increase in interest cost
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