Hannover Re CEO expects further earnings growth following robust recent performance

Hannover Re CEO Jean-Jacques Henchoz anticipates further earnings growth following a string of successful financial years in the firm’s most recent strategy cycle.

During Hannover Re’s Annual General Meeting, Henchoz underlined the firm’s reliability, noting how it delivered on promises from 2021 to 2023 in the face of numerous challenges.

The firm added, “These are successes that Hannover Re will build on. Guided by the three beacons of ‘Focus, Grow, Accelerate’, Hannover Re will concentrate on its existing strengths and intact growth drivers. Promising partnerships and in-house initiatives will contribute additional profitable growth.”

Regarding the current three-year strategy cycle, Henchoz held out the prospect of further earnings growth.

Amid this positive news, Hannover Re’s AGM has also approved the proposal of the Executive Board and Supervisory Board to pay a total dividend of €7.20 (previous year: €6.00) per share for the 2023 financial year, an increase of 20% compared to the previous year.

According to the firm, the payout consists of an ordinary dividend of €6.00 (previous year: €5.00) per share and a special dividend of €1.20 (previous year: €1.00) per share.

The AGM additionally elected, as scheduled, the shareholder representatives on the Supervisory Board of Hannover Re.

Harald Kayser and Dr. Alena Kouba were elected as new members of the Supervisory Board; succeeding Dr. Andrea Pollak and Dr. Erhard Schipporeit.

The employee representatives had already been elected on 4 April 2024 by the joint Employee Council of Hannover Rück SE and E+S Rückversicherung AG, with Sibylle Kempff and Timo Kaufmann succeeding Natalie Bani Ardalan and Frauke Heitmüller.

Meanwhile, the other existing members of the Supervisory Board were reportedly reappointed for a further term of office.

The post Hannover Re CEO expects further earnings growth following robust recent performance appeared first on ReinsuranceNe.ws.

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