Product portfolio

Property & Casualty reinsurance

In property and casualty reinsurance Hannover Re assumes risks from primary insurers in accordance with its margin-oriented underwriting policy. This risk transfer enables our clients to reduce their underwriting risks and optimise their capital requirement. In this way, our clients can increase their underwriting capacity and take on additional attractive risks.

Based on its prudent reserving policy and low expense ratio, Hannover Re is one of the most profitable property and casualty reinsurers in the world. Our value proposition encompasses:

  • Customised solutions: Comprehensive range of products that can be tailored to the needs of our customers
  • Solution-driven: Constant monitoring of the markets in order to identify promising future trends and lines of business
  • Flexible organisation: Utilisation of all sales channels, i.e. both direct contacts and through intermediaries
  • Fair and accessible: Short communication channels to our clients facilitate quick solutions

A centralised underwriting policy combined with local talent is the key to our success; it ensures consistent underwriting decisions. Our effective cycle management with a focus on profitability constitutes the basis for selective growth: we expand our market shares only during hard market phases or following market-changing events.

Key figures for Property & Casualty reinsurance
in EUR million 2015+/–
previous year
2014 2013 201212011
Gross written premium 9,338.0+18.2% 7,903.4 7,817.9 7,717.56,825.5
Net premium earned 8,099.7+15.5% 7,011.3 6,866.3 6,854.05,960.8
Underwriting result 432.2+23.0% 351.5 335.5 272.2(268.7)
Net investment income 945.0+12.0% 843.6 781.2 944.5845.4
Operating result (EBIT) 1,341.3+12.6% 1,190.8 1,061.0 1,091.4599.3
Group net income 914.7+10.3% 829.1 807.7 685.6455.6
Earnings per share in EUR 7.58+10.3% 6.88 6.70 5.683.78
EBIT margin2 16.6%  17.0% 15.5% 15.9%10.1%
Retention 89.3%  90.6% 89.9% 90.2%91.3%
Combined ratio3 94.4%  94.7% 94.9% 95.8%104.3%

Life & Health reinsurance

In life and health reinsurance Hannover Re offers its customers reinsurance concepts and solutions that are tailored to their needs. By giving them access to our extensive databases we assist primary insurers with, among other things, medical underwriting and pricing. This enables our customers to write their business sustainably. We support promising start-ups with financing to cover their initially high business acquisition costs.

Hannover Re acts responsively, flexibly, efficiently and undogmatically, making it one of the leading life and health reinsurers with a global presence. Our value proposition encompasses:

  • Financial solutions: Includes both standardised solutions and tailor-made reinsurance structures to optimise efficient capital and liquidity management for our customers
  • Risk solutions: Competitive conditions, capacity and reinsurance solutions for all types of underwriting risks
  • Longevity ( longevity risks, annuities)
  • Mortality
  • Morbidity (health and disability products)
  • Service offer: customised services, e. g. to optimise sales and underwriting processes

We offer reinsurance concepts and solutions with a clear focus on growth markets, underserved end consumers in the life and health insurance market, alternative sales channels, risks that are difficult to quantify as well as companies in transition. We cultivate our customer relationships as long-term partnerships with the goal of developing needs-based solutions for the individual requirements of our customers.

Key figures for Life & Health reinsurance
in EUR million 2015 +/ -
previous year
2014 2013 20121 2011
Gross written premium 7,730.9 +19.7% 6,458.7 6,145.4 6,057.9 5,270.1
Net premium earned 6,492.4 +20.0% 5,411.4 5,359.8 5,425.6 4,788.9
Investment income 709.2 +15.5% 614.2 611.5 685.1 512.6
Claims an claims expenses 5,459.0 +17.7% 4,636.2 4,305.7 4,023.5 3,328.6
Change in benefit reserve 101.1 28.6 146.5 529.4 619.7
Commissions 1,075.1 +13.6% 946.4 1,169.0 1,098.0 985.8
Own administrative expenses 197.3 +12.3% 175.7 156.7 144.1 130.6
Other income/expenses 35.9 +43.1% 25.1 (42.9) (36.7) (19.2)
Operating result (EBIT) 405.1 +53.6% 263.8 150.5 279.0 217.6
Net income after tax 289.6 +41.3% 205.0 164.2 222.5 182.3
Earnings per share in EUR 2.40 +41.3% 1.70 1.36 1.84 1.51
Retention 84.2% 83.9% 87.7% 89.3% 91.0%
EBIT margin2 6.2% 4.9% 2.8% 5.1% 4.5%

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