The reinsurer Hannover Rück SE $HNR1 (+1,16%) achieved solid growth in the 2025 financial year despite high natural catastrophe losses. The operating result and profit in particular developed positively, while the dividend was increased significantly at the same time.
Gross premiums in the reinsurance business rose to EUR 26.8 billion in 2025, up around 1.5% on the previous year. The operating result (EBIT) increased by around 5.7% to 3.5 billion euros, while consolidated profit climbed to 2.64 billion euros - an increase of around 13% compared to 2024.
The combined ratio in the property and casualty business improved further to 84%, which is considered very profitable in the reinsurance market.
Hannover Re remains in an extremely solid financial position. The Solvency II ratio is 256%, well above the regulatory requirements. Equity continued to grow to around EUR 16.7 billion.
The company therefore has sufficient capital to absorb even major loss events or market volatility.
Dividend:
The dividend will be increased significantly. The Executive Board is proposing a total dividend of €12.50 per share for 2025. This includes an ordinary dividend of € 7 and a special dividend of € 5.50.
Hannover Re is thus continuing its shareholder-friendly dividend policy.
Challenges in the year 2025
The year was characterized by several major natural catastrophes, including above all losses from extreme weather events. Overall, the insured losses amounted to around EUR 20 billion.
Despite these burdens, profitability remained stable, underlining the Group's strong risk management.
Conclusion:
Hannover Re remains one of the most stable reinsurers worldwide.
The company impresses with:
constant profit growth
very high capital strength
attractive dividend policy
disciplined risk management
For long-term investors, the share therefore remains a defensive quality stock in the financial sector.
