Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide.
Solid track record established dividend payer.
Share Price & News
How has Hannover Rück's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HNR1's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HNR1 exceeded the Austrian Insurance industry which returned -20.5% over the past year.
Return vs Market: HNR1 exceeded the Austrian Market which returned -28.3% over the past year.
Price Volatility Vs. Market
How volatile is Hannover Rück's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Hannover Rück undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HNR1 (€133) is trading below our estimate of fair value (€268.8)
Significantly Below Fair Value: HNR1 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HNR1 is poor value based on its PE Ratio (12.2x) compared to the Insurance industry average (9x).
PE vs Market: HNR1 is poor value based on its PE Ratio (12.2x) compared to the Austrian market (11.7x).
Price to Earnings Growth Ratio
PEG Ratio: HNR1 is poor value based on its PEG Ratio (4.1x)
Price to Book Ratio
PB vs Industry: HNR1 is overvalued based on its PB Ratio (1.5x) compared to the XE Insurance industry average (0.9x).
How is Hannover Rück forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HNR1's forecast earnings growth (3% per year) is above the savings rate (-0.1%).
Earnings vs Market: HNR1's earnings (3% per year) are forecast to grow slower than the Austrian market (11.3% per year).
High Growth Earnings: HNR1's earnings are forecast to grow, but not significantly.
Revenue vs Market: HNR1's revenue (6.8% per year) is forecast to grow faster than the Austrian market (2% per year).
High Growth Revenue: HNR1's revenue (6.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HNR1's Return on Equity is forecast to be low in 3 years time (11.6%).
How has Hannover Rück performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HNR1 has high quality earnings.
Growing Profit Margin: HNR1's current net profit margins (6%) are higher than last year (5.6%).
Past Earnings Growth Analysis
Earnings Trend: HNR1's earnings have grown by 2% per year over the past 5 years.
Accelerating Growth: HNR1's earnings growth over the past year (21.2%) exceeds its 5-year average (2% per year).
Earnings vs Industry: HNR1 earnings growth over the past year (21.2%) exceeded the Insurance industry 9.5%.
Return on Equity
High ROE: HNR1's Return on Equity (12.1%) is considered low.
How is Hannover Rück's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: HNR1 has a low level of unsold assets or inventory.
Debt Coverage by Assets: HNR1's debt is covered by short term assets (assets are 6.6x debt).
Financial Institutions Analysis
Asset Level: HNR1's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if HNR1 has a sufficient allowance for bad loans.
Low Risk Liabilities: HNR1 reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if HNR1 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: HNR1 has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if HNR1 has an appropriate level of bad loans.
What is Hannover Rück's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: HNR1's dividend (4.23%) is higher than the bottom 25% of dividend payers in the Austrian market (1.89%).
High Dividend: HNR1's dividend (4.23%) is low compared to the top 25% of dividend payers in the Austrian market (6.58%).
Stability and Growth of Payments
Stable Dividend: HNR1's dividends per share have been stable in the past 10 years.
Growing Dividend: HNR1's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.6%), HNR1's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HNR1's dividends in 3 years are forecast to be covered by earnings (56.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jean-Jacques Henchoz (55yo)
Mr. Jean-Jacques Henchoz has been Member of Management Board at Talanx AG since April 1, 2019. Mr. Henchoz has been Chief Executive Officer of Hannover Rück SE since May 8, 2019 and has been its Member of ...
CEO Compensation Analysis
Compensation vs Market: Jean-Jacques's total compensation ($USD3.28M) is about average for companies of similar size in the Austrian market ($USD4.16M).
Compensation vs Earnings: Insufficient data to compare Jean-Jacques's compensation with company performance.
|CEO & Chairman of the Executive Board||0.83yr||€2.96m||no data|
|CFO & Member of the Executive Board||10.92yrs||€1.25m||no data|
|Member of the Executive Board||20.17yrs||€1.30m||no data|
|Member of the Executive Board||9.5yrs||€1.17m||no data|
|Member of the Executive Board||8.33yrs||€1.14m||no data|
|Member of the Executive Board||5.58yrs||€1.08m||no data|
|Member of Executive Board||1yr||€894.53k||no data|
|Senior IR Manager- Corporate Communications||no data||no data||no data|
|Head of Corporate Communications||10.33yrs||no data||no data|
|Head of Canadian Branch||no data||no data||no data|
Experienced Management: HNR1's management team is seasoned and experienced (8.9 years average tenure).
|Member of Supervisory Board||12.83yrs||€75.50k||no data|
|Member of Supervisory Board||17.83yrs||€166.20k||no data|
|Employee Representative Member of Supervisory Board||7.83yrs||€65.00k||no data|
|Chairman of Supervisory Board||0.83yr||€242.30k||no data|
|Independent Member of Supervisory Board||8.83yrs||€65.00k||no data|
|Independent Member of the Supervisory Board||1.83yrs||€82.90k||no data|
|Independent Member of Supervisory Board||0.83yr||€41.60k||no data|
|Employee Representative Member of Supervisory Board||0.83yr||€41.60k||no data|
|Employee Representative Member of Supervisory Board||0.83yr||€41.60k||no data|
Experienced Board: HNR1's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hannover Rück SE's company bio, employee growth, exchange listings and data sources
- Name: Hannover Rück SE
- Ticker: HNR1
- Exchange: WBAG
- Founded: 1966
- Industry: Reinsurance
- Sector: Insurance
- Market Cap: €15.678b
- Shares outstanding: 120.60m
- Website: https://www.hannover-rueck.de
Number of Employees
- Hannover Rück SE
- Karl-Wiechert-Allee 50
- Lower Saxony
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HVRR.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||Dec 1994|
|HNR1||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Dec 1994|
|HNR1||XTRA (XETRA Trading Platform)||Yes||Registered Shares||DE||EUR||Dec 1994|
|0M9A||LSE (London Stock Exchange)||Yes||Registered Shares||GB||EUR||Dec 1994|
|HNR1D||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Registered Shares||GB||EUR||Dec 1994|
|HNR1||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||Dec 1994|
|HNR1||ETLX (Eurotlx)||Yes||Registered Shares||IT||EUR||Dec 1994|
|HNR1||WBAG (Wiener Boerse AG)||Yes||Registered Shares||AT||EUR||Dec 1994|
|HVRR.Y||OTCPK (Pink Sheets LLC)||ADR (EACH REP 0.5 COM SHS) (SPONS)||US||USD||Feb 2000|
|HNRB||DB (Deutsche Boerse AG)||ADR (EACH REP 0.5 COM SHS) (SPONS)||DE||EUR||Feb 2000|
Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide. It operates through Property & Casualty Reinsurance, and Life & Health Reinsurance segments. The Property & Casualty Reinsurance segment offers specialty lines comprising marine, aviation, facultative, credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities. This segment also provides risk solutions for casualty and property, as well as for agricultural, livestock, and bloodstock businesses; aviation and space business; and marine and offshore energy business. The Life & Health Reinsurance segment offers credit life, enhanced annuities, group life and health, 60+, and Sharia-compliant Takaful reinsurance products. This segment also provides risk solutions in the areas of critical illness, disability, health, longevity, long term care, and mortality. In addition, it offers various financial solutions, including new-business financing; monetization of embedded value; reserve and solvency relief; and divestiture of non-core businesses. The company was formerly known as Hannover Rückversicherung AG and changed its name to Hannover Rück SE in March 2013. The company was founded in 1966 and is headquartered in Hanover, Germany. Hannover Rück SE is a subsidiary of Talanx AG.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/27 23:56|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.