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?
