Hannover Re (RN) Reports FY25 Profit Up, Reinsurance Revenue Rises, Confirms FY26 Outlook

Hannover Re (RN) released results for FY25 (Jan-Jun 2025), reporting net profit of €312 million, a 23% increase from €254 million in FY24. Reinsurance revenue rose 12% to €1.04 billion. The company attributes the improvement to stronger catastrophe loss trends and pricing gains in the reinsurance segment. Management reaffirmed its FY26 profit outlook of at least €320 million, citing continued pricing discipline and favorable underwriting conditions.