• Net income decreased by 31% to €883m for 2020 due to COVID-19 claims
• Hannover Re increased its premium volume by 8.5% on a currency-adjusted basis in the 1 January 2021 treaty renewals
• The price increase for the renewed business amounted to 5.5%
• Hannover Re confirmed its net income guidance of €1.15-1.25bn for 2021
04 Feb 2021
Again strong January treaty renewals, preliminary FY2020 net income above expectations
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Again strong January treaty renewals, preliminary FY2020 net income above expectations
• Net income decreased by 31% to €883m for 2020 due to COVID-19 claims
• Hannover Re increased its premium volume by 8.5% on a currency-adjusted basis in the 1 January 2021 treaty renewals
• The price increase for the renewed business amounted to 5.5%
• Hannover Re confirmed its net income guidance of €1.15-1.25bn for 2021