DGAP-News: Hannover Re sees no threat to Group net income for 2013 despite flood losses
(firmenpresse) - DGAP-News: Hannover Rück SE / Key word(s): Miscellaneous
Hannover Re sees no threat to Group net income for 2013 despite flood
losses
17.06.2013 / 10:30
---------------------------------------------------------------------
Hannover Re sees no threat to Group net income for 2013 despite flood
losses
Hannover, 17 June 2013: Although the floodwaters in Germany, Austria and
the Czech Republic have likely peaked, it is still too early to make a
precise assessment of the insured losses. More accurate damage surveys will
only be possible once the floods have receded. Hannover Re has nevertheless
made an initial loss estimate based on its written reinsurance treaties.
The company anticipates that its net loss may exceed EUR 100 million, but
should remain significantly below EUR 200 million.
In view of the rather minimal incidence of major losses to date, this means
that the major loss budget for the first half-year will probably not be
fully utilised. This is the case even allowing for the tornado damage in
the U.S. state of Oklahoma in May of this year, which impacted the company
in an amount of EUR 30 million for net account.
Hannover Re therefore feels able to reaffirm its Group net income guidance
of around EUR 800 million for 2013. In this context it should be borne in
mind that the entire major loss budget for the second half of the year is
still available.
For further information please contact:
Media Relations:
Janine Bernkurth (tel. +49 511 5604-1931,
e-mail: janine.bernkurth(at)hannover-re.com)
Investor Relations:
Julia Hartmann (tel. +49 511 5604-1529,
e-mail: julia.hartmann(at)hannover-re.com)
Please visit: www.hannover-re.com
Hannover Re, with a gross premium of EUR 13.8 billion, is the third-largest
reinsurer in the world. It transacts all lines of non-life and life and
health reinsurance and is present on all continents with around 2,300
staff. The rating agencies most relevant to the insurance industry have
awarded Hannover Re very strong insurer financial strength ratings
(Standard&Poor's AA- 'Very Strong' and A.M. Best A+ 'Superior').
Please note the disclaimer:
www.hannover-re.com/misc/disclaimer-pr-050811
End of Corporate News
---------------------------------------------------------------------
17.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Hannover Rück SE
Karl-Wiechert-Allee 50
30625 Hannover
Germany
Phone: +49-(0)511-5604-1500
Fax: +49-(0)511-5604-1648
E-mail: info(at)hannover-re.com
Internet: www.hannover-re.com
ISIN: DE0008402215WKN: 840 221
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart; Terminbörse EUREX
End of News DGAP News-Service
---------------------------------------------------------------------
216634 17.06.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 17.06.2013 - 10:30 Uhr
Sprache: Deutsch
News-ID 270103
Anzahl Zeichen: 5126
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 272 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Hannover Re sees no threat to Group net income for 2013 despite flood losses"
steht unter der journalistisch-redaktionellen Verantwortung von
Hannover Rück SE (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
