Hannover, 7 May 2025: The Annual General Meeting of Hannover Rück SE today approved all proposed resolutions.
Addressing his first Annual General Meeting as Chief Executive Officer, Clemens Jungsthöfel emphasised that Hannover Re is on the right track with its 2024-2026 strategy. The focus continues to be on generating profitable growth, reinforcing the company's capital strength and teaming up with clients and partners to drive innovation.
The Annual General Meeting approved the proposal put forward by the Executive Board and Supervisory Board to pay a total dividend for the 2024 financial year of EUR 9.00 (previous year: EUR 7.20) per share, an increase of 25% compared to the previous year. The payout consists of an ordinary dividend of EUR 7.00 (previous year: EUR 6.00) per share and a special dividend of EUR 2.00 (previous year: EUR 1.20) per share. Hannover Re is thus distributing altogether EUR 1.1 billion to its shareholders.
"In these challenging times, climate change and geopolitical uncertainties make our work as a reinsurer more vital than ever. Extreme weather events such as storms, heavy rainfall and wildfires are growing in intensity around the world, causing enormous losses. Carefully assessing these risks and protecting our clients forms the very foundation of our business model. In order to continue our success going forward, we are committed to innovative products and technologies as well as the optimisation and automation of our processes. This is key to strengthening our company's resilience and taking responsibility for the future in our mission as a reinsurer."
The next Annual General Meeting is to be held on 6 May 2026.
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 around 3,900 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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