German re-insurer Hannover Re (HVRRF.PK) reported a 16.4% drop in fourth-quarter Group net income to 187.5 million euros, or 1.56 euros per share, from the prior year's 224.3 million euros, or 1.86 euros per share.
On the other hand, gross written premium for the three-month period was 3.48 billion euros, a 14.7% increase from 3.03 billion euros a year ago, and quarterly net investment income, including income/expense on funds withheld and contract deposits, rose 3.1% year-on-year to 446.9 million euros, from 433.3 million euros.
In addition, the Executive Board and Supervisory Board would propose to the Annual General Meeting that a dividend of 2.60 euros and a bonus of 0.40 euros per share should be paid.
With an assumption that major loss expenditure does not significantly exceed the expected level of 625 million euros and provided there are no unexpectedly adverse movements on capital markets, Hannover Re anticipates that the Group net income for 2013 would be in the order of 800 million euros. For the current fiscal year, Hannover Re aims for a dividend payout ratio of 35% - 40% of its post-tax IFRS Group net income.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.