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Hannover Re Posts 48% Net Income Rise as P&C Combined Ratio Improves to 83.6% in Q1'26
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Hannover Re posts 48% net income rise as P&C combined ratio improves to 83.6% in Q1'26
Global reinsurer Hannover Re generated net income of €710.6 million in the first quarter of 2026, an increase of 47.9% on the prior year, as the reinsurance service result for the period jumped by a significant 72.9% to €890.2 million. The large European reinsurer has reported a strong set of results for the opening quarter of the year, including gross reinsurance revenue of €6.5 billion, reflecting growth of 0.6% adjusted for exchange rate effe…
The world's third-largest reinsurer, Hannover Rück, has earned much more after the severe forest fires in California.
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