Hannover Rück SE

€293.00As of Sun 8 Nov 2026, 12:00 UTC

XETRA:HNR1Financials

Country Germany

PE (Fwd) •••

TSR 10Y CAGR 15.44%

Div yield 4.27%

ROE 22.16%

Insurance (Reinsurance)

Beta (5Y) 0.09

PE TTM 12.93

TSR TTM 24.40%

Mkt cap €35.33B

Combined —

SE Grade™

Value

Quality

Moat

Consensus

Reference

€328

11.86%

89.62%

Hold 4|9|1|1|4

TTM

FYE 31 Dec EUR

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

8.758

Revenue€B

6.870

6.937

7.305

7.392

7.521

7.591

7.710

7.793

8.205

8.619

9.526

2.76%

2.79%

27.90

Revenue growth%

21.01

22.64

20.00

19.23

20.03

22.40

25.09

27.87

26.38

23.45

18.56

25.09

22.52

26.03

Combined R.%

87.19

85.29

86.69

87.23

87.41

87.29

85.62

87.24

87.90

86.43

24.22

87.24

87.21

23.29

Operating margin%

25.19

25.70

25.82

25.06

22.92

22.84

23.37

21.55

20.40

22.82

17.64

22.82

23.15

11.05

Net margin%

36.00

34.59

34.95

36.18

38.38

40.55

43.13

41.46

41.98

41.80

23.48

41.80

39.47

34.30

P/E ratio (avg)x

61.33

65.31

77.38

91.12

101.3

119.0

126.0

136.5

159.9

156.6

36.36

136.5

110.1

37.03

P/TBVx

7.176

7.359

7.713

8.125

7.630

6.566

6.966

6.756

6.390

5.684

26.64

6.566

7.071

27.74

P/Bx

17.18

18.30

18.85

19.21

19.89

20.78

24.10

28.04

27.42

27.69

29.87

27.42

20.33

9.69

Prem. grth%

10.94

13.86

15.01

14.88

17.82

15.90

13.57

14.88

17.03

16.74

28.16

15.90

14.94

29.73

Invest. yld%

5.35

3.80

6.71

3.84

3.59

2.03

0.40

3.13

1.03

0.40

2.96

1.03

3.36

11.36

BVPS grth%

9.20

11.14

12.69

10.73

8.01

10.40

8.47

5.81

3.39

3.38

21.71

5.81

8.84

12.98

Return on equity%

23.53

20.77

22.27

24.90

22.33

24.65

23.97

22.49

25.30

24.42

19.52

24.42

23.75

8.30

Return on assets%

5.60

7.38

6.73

4.09

6.73

7.75

8.60

10.73

9.79

10.63

25.96

9.79

7.56

16.74

EPS€

6.14

6.82

7.12

6.75

6.41

6.67

7.38

8.11

8.75

9.80

17.61

8.85%

4.25%

—

28.48

EPS growth%

8.20

8.87

10.21

8.21

8.62

7.94

7.77

7.62

8.27

10.52

17.67

7.94

8.24

16.56

Bookvalue per sh€

5.46

5.85

5.38

4.75

4.84

5.31

4.91

4.99

5.04

5.10

29.04

1.06%

(0.19%)

—

29.83

TBV/sh€

3.80

3.40

3.77

4.15

4.20

4.19

4.28

4.78

5.35

5.90

18.32

7.03%

4.70%

—

18.97

Dividend per sh€

24.74

27.72

26.52

30.42

33.28

33.79

35.48

32.99

31.86

35.19

27.08

1.13%

4.67%

—

18.12

Div yield (avg)%

15.12

16.57

16.47

19.00

16.17

15.68

17.55

19.69

18.78

17.79

22.88

17.79

17.06

13.27

Payout ratio%

17.30

20.14

20.71

22.26

20.64

18.28

19.04

20.61

19.41

19.20

16.06

19.20

19.78

119.6

Shares (diluted)M

128.9

139.0

143.2

165.6

190.5

192.9

190.4

177.4

186.3

188.2

119.8

(0.24%)

3.50%

4.54

Buyback yield%

33.45

32.68

30.96

29.93

29.11

26.76

29.29

26.92

27.21

29.06

8.34

27.21

29.20

1.312

D/E ratiox

1.544

1.563

1.707

1.835

1.723

1.593

1.759

1.947

1.974

2.099

0.925

1.947

1.741

5.308

Assets€B

11.99

12.58

13.80

15.42

16.04

17.72

19.72

21.36

22.77

24.45

3.140

8.79%

8.52%

4.740

LT debt€B

6.985

7.451

7.779

8.317

8.908

8.623

8.947

9.025

9.156

9.548

7.683

1.40%

3.98%

Peers (US$39.68B)

Cap (US$)

Allianz SE

189.4B

14.79x

Münchener Rückversiche…

79.25B

10.60x

Talanx AG

37.64B

12.89x

Sun Life Financial Inc.

39.71B

18.94x

Capital

TTM

10Y

Leveragex

2.966

0.758

0.679

EBIT/Intx

2.441

0.813

1.047

Own earn%

—

Sh yield%

22.66

46.61

46.85

Owners

Insiders/Inst%

12.25

83.53

Short interest%

5.33

SBC / revenue%

4.07

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

20–26

$1 testx

—

Incr. ROIC%

—

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

€8.619B

2.79%

1.00×

Claims and benefits

€4.863B

2.72%

0.99×

Total costs

€6.852B

2.70%

0.99×