• Gross written premiums were up by 16% to €6.2bn for Q2 20 • Hannover Re reserved an additional €380m in anticipated losses related to COVID-19 in P&C for Q2 after €220m for Q1 20 • The tax result was a credit of €43m for Q2 20 compared to expenses of €92m for Q2 19 • Net income decreased by 73% to €101m for Q2 20 • Treaty renewals were up by 12% at 1 July 2020
05 Aug 2020
Disappointing Q2 results due to COVID-19 but strong premium increases
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Disappointing Q2 results due to COVID-19 but strong premium increases
Hannover Rueck SE (HNR1:WBO) | 0 0 0.2% | Mkt Cap: 13,386m
- Published:
05 Aug 2020 -
Author:
Dieter Hein -
Pages:
3
• Gross written premiums were up by 16% to €6.2bn for Q2 20 • Hannover Re reserved an additional €380m in anticipated losses related to COVID-19 in P&C for Q2 after €220m for Q1 20 • The tax result was a credit of €43m for Q2 20 compared to expenses of €92m for Q2 19 • Net income decreased by 73% to €101m for Q2 20 • Treaty renewals were up by 12% at 1 July 2020