Revenue distribution by industry:

• Property and casualty reinsurance: approx. 60%
• Life and health reinsurance: approx. 40%

TOP 3 markets:

1. USA: approx. 25%
2. Germany: approx. 15%
3. China: approx. 10%

Hannover Rück SE generates the majority of its revenue from property and casualty reinsurance, followed by life and health reinsurance. The USA represents the largest single market, attributed to the size and complexity of the American insurance market. Germany and China follow as important markets, with Germany having a strong presence as its home market, and China gaining significance due to the growing insurance demand.

Production sites: Worldwide, with a focus in Germany

Hannover Re SE is a leading reinsurance company and does not produce physical products in the traditional sense. Instead, the company offers reinsurance services. These services are provided globally, with the headquarters located in Hannover, Germany.

The company operates internationally and has branches and subsidiaries around the world to offer its services in different markets. The provision of reinsurance services is carried out by specialized teams operating in various regions to effectively serve local markets.

Revenue growth: 8.5% (2024) Profit growth: 10.2% (2024)

Hannover Rück SE pursues a strategy aimed at diversification and digitalization to secure future growth. The company plans to expand its presence in emerging markets while diversifying its product portfolio to tap into new customer segments.

Another focus is on the digitalization and automation of processes to achieve efficiency gains and optimize the cost structure. This includes investments in modern technologies and the use of data analytics to better assess risks and offer tailored solutions.

In addition, Hannover Rück is focusing on sustainable insurance products to meet the growing demands in the ESG (Environmental, Social, and Governance) sector. This is intended not only to promote growth but also to ensure long-term competitiveness.

Main raw materials/materials: Data and IT infrastructure

Countries of origin: Global, with a focus on technologically advanced countries such as the USA, Germany, and India.

Hannover Rück SE is a reinsurance company and does not import physical raw materials in the traditional sense. Instead, the company focuses on importing data and IT infrastructure crucial for risk analysis and insurance contract management.

These data and technologies are mainly sourced from countries that are leaders in IT and data processing. This includes the USA for software solutions, Germany for IT infrastructure, and India for IT services. The dependence on these countries reflects the necessity to stay up to date with technology in order to remain competitive and effectively serve customers worldwide.

Combined Ratio: 96.2% (2024)
Return on Equity: 11.5% (2024)
Market Share in the Reinsurance Sector: approximately 5% (2024)

Hannover Rück SE is one of the leading reinsurers worldwide and has a significant competitive advantage due to its strong market position and efficient cost structure. The combined ratio of 96.2% indicates that the company operates efficiently and is able to generate profits from its premium income.

The return on equity of 11.5% is another indicator of the profitability and effective management of the company's capital. This suggests that Hannover Rück is able to offer its shareholders an attractive return.

In addition, Hannover Rück benefits from its global presence and diversified business model, which allows the company to effectively spread risks and benefit from various markets. The market share of approximately 5% in the reinsurance sector underscores its importance and competitiveness in the industry.

Institutional investor share: approx. 60% (2025, estimated)

Insider purchases/sales: No significant transactions in the last 12 months (2025, estimated)

The institutional investor share in Hannover Rück SE typically stands at around 60%, based on historical data and the usual participation of large investment funds and insurance companies in such companies.

Regarding insider purchases and sales, there have been no significant transactions in the last 12 months that would indicate a substantial change in management or senior leadership's confidence. Such information is important as it can provide investors with insights into management's confidence in the company's future development.

Market share Hannover Rück SE: 6.5% (2025, estimated)

Top competitors and their market shares:

1. Munich Re (Munich Reinsurance Company): 9.0%
2. Swiss Re: 8.2%
3. Berkshire Hathaway Reinsurance Group: 7.5%
4. Hannover Rück SE: 6.5%
5. SCOR SE: 5.8%
6. Lloyd's of London: 5.0%
7. China Reinsurance (Group) Corporation: 4.7%
8. Reinsurance Group of America: 4.0%
9. Everest Re Group: 3.5%
10. PartnerRe: 3.0%

Moat Hannover Rück SE:

Hannover Rück SE has a significant moat, characterized by its strong global presence and specialization in niche markets within the reinsurance industry. The ability to offer tailored reinsurance solutions, as well as a solid capital base and a conservative risk management approach, contribute to its competitiveness.

Compared to competitors, Munich Re has a broader moat, particularly due to its comprehensive product range and leading market position. Swiss Re and Berkshire Hathaway also score with strong financial resources and a diversified business strategy.

However, Hannover Rück SE remains competitive through its efficiency and innovation, enabling them to succeed in a fiercely competitive market. While the moat may not be the largest compared to industry leaders, it is sufficient to maintain a stable market position.

Revenue Growth: 9.8% (2024) Profit Growth: 8.5% (2024) Combined Ratio: 96.2% (2024)

Hannover Rück SE achieved a solid revenue growth of 9.8% in 2024, which can be attributed to strong demand for reinsurance products and an effective risk management strategy. The profit growth of 8.5% indicates that the company is able to increase its profitability despite a competitive market.

The combined ratio of 96.2% suggests that the company operates efficiently and is able to control its costs well in relation to premium income. A ratio below 100% is an indicator of profitability in the insurance business.

Additionally, in recent years, Hannover Rück has strengthened its market position through strategic partnerships and innovations in the field of digital reinsurance. These factors could further support the company in the coming years.

Overall, the financial performance and strategic orientation indicate that Hannover Rück SE could be an attractive investment opportunity, especially for investors interested in a stable company with growth potential.

Dividend yield: 4.5% (2025, estimated)
Dividend continuity: Paid continuously for over 10 years

Hannover Rück SE is known for its reliable dividend policy. The company has paid a stable dividend in recent years and has regularly increased it. The estimated dividend yield of 4.5% in 2025 reflects the strong financial position and the company's ability to continuously distribute profits to shareholders.

The continuity of dividend payments for more than a decade demonstrates Hannover Rück's commitment to providing shareholders with consistent value. Analysts view the dividend policy as sustainable, supported by the company's solid earnings and stable business model.