Hannover Rueck SE
HNR1,
stated Thursday that it could suggest a raised dividend after double-digit will increase in earnings and premiums in 2022.
The German reinsurer declared a dividend of 6 euros ($6.33) a share together with a particular dividend, comprising a EUR5 odd dividend and a particular dividend of EUR1, in contrast with EUR4.50 and EUR1.25, respectively–and EUR5.75 in whole–in 2021.
It got here after web earnings rose 14% to EUR1.41 billion and gross premiums elevated 20% to EUR33.3 billion within the full yr, figures which the corporate had already disclosed in early February.
While Hannover Re took heavy losses from pure catastrophes, the battle in Ukraine and the Covid-19 pandemic in 2022, it had good earnings from funding and its life and well being reinsurance enterprise that helped ship earnings, it stated.
The firm confirmed its 2023 outlook, together with web earnings of at the least EUR1.7 billion beneath new IFRS 17 accounting requirements, as disclosed in February.
Write to Ed Frankl at edward.frankl@wsj.com
Source web site: www.marketwatch.com
