Logotype for Hannover Rück SE

Hannover Rück (HNR1) investor relations material

Hannover Rück CMD 2025 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Hannover Rück SE
CMD 2025 summary9 Oct, 2025

Strategic direction and future plans

  • No major changes in strategy or new financial guidance were announced; the current strategy cycle continues through 2026, with updates expected in November 2025.

  • On track to exceed targets for the 2024–2026 strategy cycle, with 1H 2025 ROE at 23% and EBIT growth at 6.3% over prior periods.

  • Focus remains on organic growth, leveraging strong client relationships and a lean, pure-play reinsurance model.

  • Ongoing investment in automation and AI, streamlined IT, and a lean operating model drive efficiency, scalability, and cost advantages.

  • M&A is not a priority; organic growth is expected to continue, especially in underweight markets and business lines.

Financial guidance and capital management

  • The payout ratio is set to increase to around 55% of IFRS net income, transforming the special dividend into a regular component for a more predictable run rate.

  • Solvency II ratio remains robust at 261% in 1H 2025, well above the 200% target, but is expected to trend lower due to growth assumptions while maintaining a buffer.

  • Strong capital position and improved German GAAP balance sheet provide flexibility for growth and attractive dividends.

  • Commitment to sustainable value creation and structurally higher capital returns to shareholders.

  • Reserve resiliency in P&C and life and health remains high, supporting earnings stability and offering levers for future profit management.

Business developments and operational highlights

  • Lean operating model delivers a cost ratio of 3.2% and high revenue per employee, outperforming peers.

  • P&C: Continued appetite for growth in NatCat, with improved diversification and capital efficiency; strong client demand and a low-cost ratio support profitability even in softer markets.

  • Life & Health: Reliable, increasing run rate with prudent assumption setting; CSM growth underpins future earnings, and new business opportunities are targeted in underweight regions.

  • Investments: Attractive, stable returns with low volatility; book yield is expected to rise further as higher market yields are locked in, and hidden losses are being actively managed.

  • Structured and ILS business lines are expected to continue growing, with structured business showing mid-20s growth rates and resilience through cycles.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Hannover Rück earnings date

Logotype for Hannover Rück SE
Q3 202511 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Hannover Rück earnings date

Logotype for Hannover Rück SE
Q3 202511 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Hannover Rück SE is a global reinsurance company offering property and casualty, as well as life and health reinsurance solutions. The company provides treaty and facultative reinsurance coverage to insurers worldwide, supporting risk management and capital efficiency. It operates through a decentralized network of subsidiaries and branches. Hannover Rück SE is headquartered in Hannover, Germany, and its shares are listed on the XETRA.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage