Hannover Re Increases Profit and Maintains 2026 Guidance

Hannover Re reported a 6.9% rise in Group net income to EUR 2.1 billion for the first nine months of 2026. Reinsurance revenue saw a marginal growth of 1.1%, adjusted for currency effects, while the return on equity stood at 21.1%. The company benefited from lower-than-expected large losses in property and casualty reinsurance, resulting in an improved combined ratio of 83.7%.

Life and health reinsurance also performed well, boosting the group's profitability. Investment income increased significantly by 40.4%, driven by active loss realisation and higher fixed-income securities income, which contributed to a 3.7% return on investment, surpassing the expected 3.5%.

Despite market challenges, Hannover Re confirmed its guidance for a full-year Group net income of at least EUR 2.7 billion, contingent on manageable large loss expenditures and stable capital markets. The company aims to maintain a mid-single-digit revenue growth in traditional reinsurance business.