• Net premiums earned were up by 13% to €6.1bn for Q3 21
• Hannover Re reserved an additional €140m for losses related to COVID-19
• Large losses of €744m for Q3 21 considerably exceeded the budgeted €275m
• Net income decreased by 30% to €186m for Q3 21, comfortably ahead of consensus
• Hannover Re released new earnings guidance range of €1.4-1.5bn for FY2022

04 Nov 2021
Good Q3 figures, new 2022 targets

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Good Q3 figures, new 2022 targets
• Net premiums earned were up by 13% to €6.1bn for Q3 21
• Hannover Re reserved an additional €140m for losses related to COVID-19
• Large losses of €744m for Q3 21 considerably exceeded the budgeted €275m
• Net income decreased by 30% to €186m for Q3 21, comfortably ahead of consensus
• Hannover Re released new earnings guidance range of €1.4-1.5bn for FY2022