Hannover Re Boosts Q1 Profit by 48%

In the first quarter of 2026, Hannover Re reported a notable increase in Group net income, reaching EUR 710.6 million, up by 48% compared to the previous year. The reinsurer saw moderate reinsurance revenue growth of 0.6% when adjusted for exchange rates, while April renewals brought an 18.8% surge in premiums.

Despite experiencing losses of EUR 206.9 million in property and casualty reinsurance, this figure remained under budget expectations. Life and health reinsurance also exhibited positive development, aligning with forecasts.

With an annualized return on investment standing at 3.6%, surpassing the full-year target, Hannover Re's return on equity soared to 21.2%, well above the strategic aim of over 14%.

The reinsurer reiterated its full-year guidance, aiming for a 2026 Group net income of at least EUR 2.7 billion, while maintaining a focus on risk and capital management to strengthen its financial resilience.