I have decided to add the German reinsurers to my portfolio. Do you prefer $HNR1 (+0.53%) (or Talanx $TLX (+0.95%) ) or $MUV2 (+0.07%) ?

Hannover Re $HNR1 (+0.53%) is well above its medium-term targets for 2024-2026. The company had set itself a return on equity of over 14% - it already reached 21.2% in 2024 and even 23% in the first half of 2025. The EBIT target of more than 5% growth was also far exceeded.

Hannover Re intends to continue this strong development until 2026 and at the same time ensure stability: At over 260%, the solvency ratio remains well above the target of 200%, while the CSM result (underwriting margin) continues to grow. In addition, the dividend is to continue to rise annually in the future; there is no information yet on the amount of the dividend.

$HNR1 (+0.53%) Hannover Re is increasing the payout ratio for the regular dividend from 46% to 55% of Group net income and integrating the previous special dividend into the regular dividend. This change will take effect for the first time for the 2025 financial year.

I added 4 shares of Hannover Re to my portfolio today and will continue to build on this position.

Hannover Re is one of the largest reinsurers in the world and is considered a solid dividend stock.

🔎 Facts about Hannover Re:

• 🌍 3rd largest reinsurer worldwide
• 💰 Market capitalization: approx. € 29 billion
• 📊 Dividend yield: currently around 3.67%
• 🏦 Payout ratio: approx. 45% of the profit
• 📈 Profit 2024: over € 2.4 billion - a record figure
• 📉 P/E ratio currently around 13 (fair valuation compared to the sector)

💡 Why the buy?

• Stable business model despite fluctuating natural catastrophe losses
• Very shareholder-friendly dividend policy (basic + possible special dividend)
• Good long-term growth potential due to increasing demand for reinsurance

👉 What do you think of reinsurers in your portfolio - boring but stable dividend payers or underestimated growth stocks?

Since the beginning of June, I have been using the Trade Republic card for almost all payments in order to receive 1% cashback in the form of shares "for free". So far I've collected €40. On top of that I get another 100€ through round up. In contrast to Saveback, you pay this part yourself by rounding up card payments.

I have therefore invested a total of €140 in Hannover Re shares ($HNR1 (+0.53%) ). I would like to use the dividends to finance my vacation in the future :D

With reinsurance capital of over 29 billion euros, Hannover Re is the second largest reinsurer in the world - only Munich Re $MUV2 is larger. Headquartered in Hannover and with branches on almost every continent, the company insures risks that traditional insurers cannot bear alone: Natural disasters, industrial plants, life and health risks. $HNR1 (+0.53%)

●Market position at a glance:

2nd place worldwide: behind Munich Re $MUV2 (+0.07%) ahead of Swiss Re. $SREN (+0.33%)

Munich Re: approx. 13 %

Hannover Re: approx. 9%

Swiss Re: approx. 8%

●Financial figures 2024

Gross premiums written: €26.4 billion (+7.9%)

Group result: € 2.3 billion (+27.6%)

Return on equity: 21.2% (target was >14%)

Combined ratio: 86.6% (anything below 95% is considered very profitable)

Dividend: € 9.00 per share (basis € 7, special dividend € 2)

●Outlook for the future

-The demand for reinsurance is growing:

-Climate change leads to more extreme weather → more need for cover.

-Social inflation (rising claims, especially in the USA) increases risk awareness.

-Digitalization & AI improve risk modelling and claims management.

-Regulation such as Solvency II forces insurers to cede more risk → advantage for reinsurers.

●Risks

-Natural catastrophes: Can weigh heavily on profits (storm, flood, earthquake).

-Capital markets: Falling interest rates reduce investment income.

-Regulation: New EU regulations (e.g. supply chain laws, sustainability guidelines) increase costs.

-Competition: Price war in phases when there is a lot of reinsurance capital on the market.

■Conclusion

Hannover Re is a silent dividend compounder: not spectacular, but steadily growing, with solid payouts and a strong global market position. For long-term investors who are looking for security, stability and rising dividends.

Do you have insurers in your portfolio? If not, why?

That was my last share purchase for the time being, now I'm saving for my future self-employment. 🌳

#etfs
#dividends
#growth

Hello everyone,

what do you think of Hannocer Rück $HNR1 (+0.53%) I find it even more interesting in terms of price than Allianz or Munich Re. Do you have them in your portfolio?

$LMND (-4.71%)

$LMND (-4.71%) introduced an independent buildings insurance policy in the UK this week.

Lemonade EU is growing by around 200% year-on-year and customer acquisition costs are less than half those in the US.

"We are delighted to complete our product offering for homeowners in the UK," said Sarvesh Ramachandran, Head of Lemonade UK. "Lemonade has quickly become the preferred choice for the next generation of UK insurance buyers."

https://www.reinsurancene.ws/lemonade-introduces-standalone-buildings-insurance-for-uk-homeowners/

$LMND (-4.71%) :

- 7 consecutive quarters of sales growth

- 7 consecutive quarters with improvements in the claims ratio

- No increase in fixed costs

- Car scales quickly

- Rapid international scaling

- EBITDA profitable next year

🚀

$BRO (+1.31%)
$PGR (+3.53%)
$ALV (-0.35%)
$MUV2 (+0.07%)
$CS (-0.45%)
$HNR1 (+0.53%)
$ALL (+2.41%)

A portfolio that supports long-term, solid growth and remains balanced. The focus is on global diversification, strong dividend payers, stable industry leaders and a targeted admixture of future-oriented stocks, including in the crypto sector.

✅ = already available

👀 = on the watchlist, interesting in terms of price soon

❌ = not yet interesting in terms of price at present

ETF selection

• FTSE All World ✅ = Global basis, broadly diversified. $VWRL (-0.89%)
• 
  MSCI World Tech ✅ = Focus on innovative technology stocks.
• Defense USD 👀 = Stability through defense and security.
• FTSE High Dividend 👀 = Dividend-oriented addition.

Single stock focus

Energy & commodities:

Shell ✅, Chevron 👀, Exxon 👀, Rio Tinto ❌ $SHEL (-0.34%)
$CVX (+0%)
$XOM (+0.61%)
$RIO (-4.42%)

Insurers & reinsurers:

Munich Re ✅, Hannover Re 👀, Swiss Re ❌, Allianz ❌, Swiss Life AG ❌ $ALV (-0.35%)
$SREN (+0.33%)
$SLHN (+0.14%)
$HNR1 (+0.53%)
$MUV2 (+0.07%)

Finance & payment transactions:

Brown & Brown ✅, Marsh & McLennan 👀, Visa ✅, Mastercard ❌, PayPal 👀 $PYPL (-3.22%)
$BRO (+1.31%)
$MMC (+2.24%)
$V (+0.77%)
$MA (+1.4%)

Technology & data:

Alphabet 👀, NVIDIA ❌ , Palantir ❌,

Amazon 👀, Apple ❌, Microsoft ❌, Baidu 👀

Alibaba ✅ $BABA (-1.51%)
$9888 (+3.46%)
$AAPL (+1.14%)
$GOOGL (-1.64%)
$PLTR (-9.73%)
$NVDA (-4.16%)

Health & consumption:

Novo Nordisk ✅, Zoetis 👀, Coca-Cola ❌, Walmart ❌, United Health 👀 $UNH (-0.61%)
$NOVO B (-1.37%)
$ZTS (-13.01%)
$KO (+1.17%)
$WMT (+1.3%)

Automotive & Mobility:

BMW ❌, Mercedes 👀, Tesla ❌ $TSLA (-4.89%)
$BMW (-1.58%)
$MBG (-2.6%)

Cryptos

• XRP ✅ $XRP (-3.25%)
• 
  RENDER ✅ $RENDER (-5.34%)
• 
  Bitcoin (BTC) ❌ $BTC (-4.39%)
• 
  Solana (SOL) ✅ $SOL (-6.51%)
• 
  Ethereum (ETH) ❌ $ETH (-9.1%)

For the weekend

Strategy remains: Patience, discipline and an eye for opportunities.

📈🌾

$LMND (-4.71%)

One of the most impressive key figures when you have growth of 80 % (800,000 customers)

while operating costs continue to fall.

This shows very nicely how AI and automation can have an impact on a company/business model that has been built and trained from the ground up with artificial intelligence.

There are hardly any other companies where the number of employees remains almost the same or the number of employees is likely to have decreased between 2022 and 2025, but the company continues to grow strongly.

Employees 2022: approx. 1367

Employees 2025 approx. 1235

(According to my internet research)

$PGR (+3.53%)
$BRO (+1.31%)
$ALV (-0.35%)
$MUV2 (+0.07%)
$ALL (+2.41%)
$UNH (-0.61%)
$HNR1 (+0.53%)
$BRK.B (+2.69%)
$ZURN (+0.84%)
$CS (-0.45%)