Net income attributable to shareholders decreased by 3% to €271m for Q1 16 versus Q1 15. Gross written premiums were down by 3.1% to €4.26bn for Q1 16 versus the same period last year. At constant exchange rates the decline would have been 2.1%. Net investment income was down by 12% to €366m in Q1 16. Total revenues rose by 2% to €3.9bn in Q1 16. Insurance claims decreased by 1% to €2.7bn for Q1 16 versus Q1 15. Total expenses were up by 2% to €3.5bn for Q1 16. P
10 May 2016
Solid Q1 figures, better P&C and weaker life & health results
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Solid Q1 figures, better P&C and weaker life & health results
Hannover Rueck SE (HNR1:WBO) | 0 0 0.2% | Mkt Cap: 13,386m
- Published:
10 May 2016 -
Author:
Dieter Hein -
Pages:
2
Net income attributable to shareholders decreased by 3% to €271m for Q1 16 versus Q1 15. Gross written premiums were down by 3.1% to €4.26bn for Q1 16 versus the same period last year. At constant exchange rates the decline would have been 2.1%. Net investment income was down by 12% to €366m in Q1 16. Total revenues rose by 2% to €3.9bn in Q1 16. Insurance claims decreased by 1% to €2.7bn for Q1 16 versus Q1 15. Total expenses were up by 2% to €3.5bn for Q1 16. P