German re-insurer Hannover Re AG (HVRRY.PK, HVRRF.PK) reported Wednesday that its first-quarter Group net income increased 1.7 percent to 305.9 million euros from last year's 300.9 million euros. Earnings per share amounted to 2.54 euros, up from 2.49 euros last year.
The operating profit or EBIT, meanwhile, contracted 5.3 percent to 403.8 million euros from 426.6 million euros a year ago.
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