Hannover Re (HNR1.DE) earnings: next date, last results and guidance
When is Hannover Re's next earnings date, and what were its last results?
In the third quarter of 2026, diluted EPS rose from €5.40 to €5.76 and net income rose from €650.8 million to €694.7 million, although the P&C combined ratio worsened from 80.8% to 84.5%. The next release should clarify whether renewal prices and new-business CSM support future profit.
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Hannover Re guidance: what does it expect for the year to December 2026?
Management targets group net income of at least €2.7 billion in 2026. Hannover Re had earned about €2.1 billion in the first nine months, leaving roughly €600 million to reach the minimum. The plan assumes large claims do not substantially exceed the €2.3 billion annual budget and that markets avoid a major shock. The budget is an expectation, not a ceiling: an unusually severe hurricane season can cost more.
Property and casualty reinsurance must produce a combined ratio below 87%. This measures claims and service expenses against reinsurance revenue: €100 of revenue and €87 of costs would leave €13 from underwriting before investment income. Discounting matters because claims paid years later are expressed in today’s money; the outlook assumes a discount effect of 9%–10%. Life and health reinsurance has a separate target, a net reinsurance service result of about €925 million.
Reinsurance service result (net), life and health reinsurance
925Year to Dec 2026
Return on investment
3.5%Year to Dec 2026
Large loss budget (net)
2,300Year to Dec 2026
Guidance is management's forecast of what it expects to report, usually a range.
Did Hannover Re keep its past promises?
Management’s net-income guidance has held up better than its other promises. The five-year record is 5/5 for meeting or exceeding net-income guidance, while the property-and-casualty combined ratio missed in two of four years checked. Catastrophe losses and Ukraine-related provisions made the underwriting targets harder to meet.
Net-income promises met or exceeded: 5/5 · Checked
- Group net income5 years
- Return on investment5 years
- Combined ratio — Property & Casualty reinsurance4 years
What do Hannover Re's last eight reported periods show?
Diluted earnings per share rose from €5.40 in the third quarter of 2025 to €5.76 in the third quarter of 2026. Net income also rose from €650.8 million to €694.7 million. Yet the P&C combined ratio worsened from 80.8% to 84.5%, so higher shareholder earnings did not come simply from better underwriting.
What should I watch in Hannover Re's next release?
The outcome turns on renewal prices, new-business CSM, catastrophe losses, reserve development and capital. Investors’ Day is 25 November 2026. Key renewals cluster around 1 January 2027, with an update on 4 February. Annual results arrive on 11 March 2027. Remember: Hannover Re’s strong current earnings are valuable only if softer prices do not erode the next generation of profit.
Questions about Hannover Re (HNR1.DE) earnings
Is Hannover Re expected to beat earnings?
Our report makes no call on that. Management's guidance: Reinsurance service result (net), life and health reinsurance, Year to Dec 2026: 925.
Where could Hannover Re stock be by 2029?
Our report's forecast is €285.09 a share by November 2029, from the €297.20 close of November 10, 2026. Hannover Re stock forecast →
More on Hannover Re (HNR1.DE)
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Information only, not investment advice. The next results date is an expectation until Hannover Re confirms it. Prices are those of the date shown.