Annual General Meeting of Hannover Rück SE approves dividend increase and appointment of new Supervisory Board members

  • Total dividend of EUR 7.20 per share approved
  • Chief Executive Officer Jean-Jacques Henchoz confident of further growing profitability over the strategy cycle 2024-2026

Hannover, 6 May 2024: The Annual General Meeting of Hannover Rück SE approved all proposed resolutions.

In his address Chief Executive Officer Jean-Jacques Henchoz looked back on the successful financial years of the past strategy cycle. He highlighted how reliably Hannover Re delivered on its promises in the years from 2021 to 2023 in the face of numerous challenges. These are successes that Hannover Re will build on.

Guided by the three beacons of "Focus, Grow, Accelerate", Hannover Re will concentrate on its existing strengths and intact growth drivers. Promising partnerships and in-house initiatives will contribute additional profitable growth. Looking to the current three-year strategy cycle, Henchoz held out the prospect of further earnings growth.

The Annual General Meeting approved the proposal of the Executive Board and Supervisory Board to pay a total dividend of EUR 7.20 (previous year: EUR 6.00) per share for the 2023 financial year, an increase of 20% compared to the previous year. The payout consists of an ordinary dividend of EUR 6.00 (previous year: EUR 5.00) per share and a special dividend of EUR 1.20 (previous year: EUR 1.00) per share.

The Annual General Meeting elected as scheduled the shareholder representatives on the Supervisory Board of Hannover Re. Harald Kayser and Dr. Alena Kouba were elected as new members of the Supervisory Board; they succeed Dr. Andrea Pollak and Dr. Erhard Schipporeit. The employee representatives had already been elected on 4 April 2024 by the joint Employee Council of Hannover Rück SE and E+S Rückversicherung AG, with Sibylle Kempff and Timo Kaufmann succeeding Natalie Bani Ardalan and Frauke Heitmüller. The other existing members of the Supervisory Board were reappointed for a further term of office.

The next Annual General Meeting is to be held on 7 May 2025 in Hannover.

Hannover Re is one of the world’s leading reinsurers. It transacts all lines of property & casualty and life & health reinsurance and is present worldwide with more than 3,500 staff. German business of the Hannover Re Group is written by the subsidiary E+S Rück. Established in 1966, Hannover Re is recognised as a reliable partner for innovative risk solutions, exceptional customer intimacy and financial soundness. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior".

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