Lun, 18 de Mar de 2024
Hannover Re, the global reinsurance giant, sets a new earnings benchmark, boosting shareholder rewards after a phenomenally profitable year.
Hannover Re, the world’s third-largest reinsurer, plans to pay out significantly more money to its shareholders following a record profit. For the past year, they are to receive 7.20 euros per share (around 6.93 francs) including a special dividend, as the competitor of Swiss Re announced on Monday in Hannover, northern Germany.
Hannover Re had paid EUR 6 per share for 2022. The planned distribution for 2023 consists of an ordinary dividend of EUR 6 and a special dividend of EUR 1.20 per share. For the previous year, there was an ordinary dividend of EUR 5 and a special dividend of EUR 1.
On balance, Hannover Re earned around EUR 1.8 billion last year, more than ever before, as it had already announced at the beginning of February. For 2024, Group CEO Jean-Jacques Henchoz continues to expect an increase to at least 2.1 billion euros. The insurance group Talanx, which holds a good half of Hannover Re shares, is the main beneficiary of the profit and dividend.
©Keystone/SDA
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