• Net premiums earned were up by 18% to €6.7bn for Q1 22
• Hannover Re reserved €123m for losses related to COVID-19
• Large losses of €336m for Q1 22 exceeded the budgeted €284m
• Net income decreased by 14% to €264m for Q1 22
• Treaty renewals up by 17% at 1 April 2022
• Guidance for FY2022 confirmed
04 May 2022
Solid Q1 22 figures above consensus expectations but major losses were a dampener
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Solid Q1 22 figures above consensus expectations but major losses were a dampener
• Net premiums earned were up by 18% to €6.7bn for Q1 22
• Hannover Re reserved €123m for losses related to COVID-19
• Large losses of €336m for Q1 22 exceeded the budgeted €284m
• Net income decreased by 14% to €264m for Q1 22
• Treaty renewals up by 17% at 1 April 2022
• Guidance for FY2022 confirmed