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🔴🛝

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@Tenbagger2024 I have now done it like this

Following a very strong business performance, Hannover Re has raised its profit forecast for 2025 to around EUR 2.6 billion. In the first nine months of the year, net profit rose by 7.7 percent to EUR 2.0 billion, while the return on equity of 22 percent was well above the target figure.

Property and casualty reinsurance in particular developed profitably: the combined ratio improved to 86 percent and major losses remained well below budget at EUR 1.18 billion. Life and health reinsurance also posted stable results, while investments achieved a return of 2.8 percent despite targeted loss realizations.

For 2026 Hannover Re expects a further increase in Group net income to at least EUR 2.7 billion and a return on investment of around 3.5 percent.

At the same time, the dividend policy was adjusted: In future, around 55 percent of net profit is to be distributed, with the aim of a stable or rising dividend. Overall, the reinsurer confirms its strong market position and is ideally positioned for further profitable growth.

$HNR1 (+0,19 %)

In recent weeks, I have been able to lower my entry prices for individual stocks here and there ( $HNR1 (+0,19 %)
$CNR (-0,1 %)
$NOVO B (-0,2 %)
$DTE (-0,8 %)
$VICI (+1,84 %)
$ADP (+0,54 %) ), but I still think the market as a whole is currently somewhat overvalued. I will therefore be using less of the variable portion of my savings rate to buy individual shares over the next few quarters.

The central banks are a little more reluctant to cut interest rates, so hopefully there will be good opportunities to buy bonds for a few more months, which I would like to finance with the cuts in the savings rate for individual shares.

This month I have already added to my French bonds and will continue to do so, as they are currently trading at historically low levels. Although interest rates are falling, the risk premium for French government bonds is rising due to the budget deficits, which naturally causes the price to fall. However, as I do not believe that the solvency of the state is seriously at risk, I am taking advantage of the low quotation to achieve a price return in addition to the coupon. During the negative interest rate phase, the bond quoted at over 230% at times.

I have decided to add the German reinsurers to my portfolio. Do you prefer $HNR1 (+0,19 %) (or Talanx $TLX (-0,32 %) ) or $MUV2 (+0,12 %) ?

Hannover Re $HNR1 (+0,19 %) 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 (+0,19 %) 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 (+0,19 %) ). 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 (+0,19 %)

●Market position at a glance:

2nd place worldwide: behind Munich Re $MUV2 (+0,12 %) ahead of Swiss Re. $SREN (+0,31 %)

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

$LMND (-5,25 %)

$LMND (-5,25 %) 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 (-5,25 %) :

- 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

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$BRO (+2,61 %)
$PGR (+1,9 %)
$ALV (-0,79 %)
$MUV2 (+0,12 %)
$CS (+0,92 %)
$HNR1 (+0,19 %)
$ALL (+0 %)