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Hannover Rück SEXTRA:HNR1 Stock Report

Market Cap €31.0b
Share Price
€257.00
My Fair Value
€285.4
10.0% undervalued intrinsic discount
1Y2.5%
7D1.0%
Portfolio Value
​
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Hannover Rück SE

XTRA:HNR1 Stock Report

Market Cap: €31.0b

Hannover Rück (HNR1) Stock Overview

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. More details

HNR1 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance6/6
Financial Health4/6
Dividends5/6

Rewards

Trading at 59.3% below our estimate of its fair value

Earnings are forecast to grow 5.11% per year

Earnings grew by 22.5% over the past year

Pays a reliable dividend of 3.5%

Risk Analysis

No risks detected for HNR1 from our risk checks.

HNR1 Community Fair Values

Create Narrative

See what 36 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Hannover Rück

Growing Emerging Markets Will Expand Global Reinsurance Opportunities

Key Takeaways Strong global premium growth and broadening revenue base are fueled by expansion in emerging markets, structured reinsurance, and geographic diversification. Enhanced risk management, digitalization, and advanced analytics improve operational efficiency and stability, supporting sustained margin and earnings growth amid shifting risk environments.
View narrative
€285.4
FV
10.0% undervalued intrinsic discount
0.87%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
19users have followed this narrative
30 days ago author updated this narrative
HNR1 logo
Hannover Rück

Emerging Markets And Climate Trends Will Redefine Reinsurance Opportunities

Key Takeaways Accelerating premium growth, diversified specialty expansion, and strong reserve flexibility position Hannover Rück for outperformance in both earnings and long-term margin stability. Superior capital strength and disciplined management enable above-peer growth, with potential for higher shareholder returns and sustained expansion across high-growth global regions.
View narrative
€340
FV
24.4% undervalued intrinsic discount
3.95%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
about 2 months ago author updated this narrative
HNR1 logo
Hannover Rück

Catastrophe Risks And Softening Pricing Will Hurt Future Margins

Key Takeaways Intensifying catastrophe risks and competition from alternative capital are eroding margins and threatening sustainable long-term revenue and profit growth. Volatility in investment returns and reliance on growing reserves raise doubts about the stability and transparency of reported profitability.
View narrative
€224.01
FV
14.7% overvalued intrinsic discount
2.70%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
about 2 months ago author updated this narrative
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Hannover Rück SE Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hannover Rück
Historical stock prices
Current Share Price€257.00
52 Week High€292.60
52 Week Low€235.90
Beta0.35
1 Month Change5.16%
3 Month Change-3.46%
1 Year Change2.51%
3 Year Change66.29%
5 Year Change94.11%
Change since IPO1,884.03%

Recent News & Updates

Earnings Update: Hannover Rück SE (ETR:HNR1) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts

Aug 15
Earnings Update: Hannover Rück SE (ETR:HNR1) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts

Little Excitement Around Hannover Rück SE's (ETR:HNR1) Earnings

Aug 08
Little Excitement Around Hannover Rück SE's (ETR:HNR1) Earnings

Is Now The Time To Put Hannover Rück (ETR:HNR1) On Your Watchlist?

Jul 18
Is Now The Time To Put Hannover Rück (ETR:HNR1) On Your Watchlist?

Recent updates

Earnings Update: Hannover Rück SE (ETR:HNR1) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts

Aug 15
Earnings Update: Hannover Rück SE (ETR:HNR1) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts

Little Excitement Around Hannover Rück SE's (ETR:HNR1) Earnings

Aug 08
Little Excitement Around Hannover Rück SE's (ETR:HNR1) Earnings

Is Now The Time To Put Hannover Rück (ETR:HNR1) On Your Watchlist?

Jul 18
Is Now The Time To Put Hannover Rück (ETR:HNR1) On Your Watchlist?

Hannover Rück SE's (ETR:HNR1) Earnings Are Not Doing Enough For Some Investors

May 05
Hannover Rück SE's (ETR:HNR1) Earnings Are Not Doing Enough For Some Investors

Hannover Rück's (ETR:HNR1) Upcoming Dividend Will Be Larger Than Last Year's

Apr 14
Hannover Rück's (ETR:HNR1) Upcoming Dividend Will Be Larger Than Last Year's

Hannover Rück's (ETR:HNR1) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 30
Hannover Rück's (ETR:HNR1) Shareholders Will Receive A Bigger Dividend Than Last Year

Hannover Rück (ETR:HNR1) Will Pay A Larger Dividend Than Last Year At €9.00

Mar 16
Hannover Rück (ETR:HNR1) Will Pay A Larger Dividend Than Last Year At €9.00

Analyst Estimates: Here's What Brokers Think Of Hannover Rück SE (ETR:HNR1) After Its Yearly Report

Mar 15
Analyst Estimates: Here's What Brokers Think Of Hannover Rück SE (ETR:HNR1) After Its Yearly Report

Here's Why We Think Hannover Rück (ETR:HNR1) Might Deserve Your Attention Today

Jan 15
Here's Why We Think Hannover Rück (ETR:HNR1) Might Deserve Your Attention Today

Why Investors Shouldn't Be Surprised By Hannover Rück SE's (ETR:HNR1) Low P/E

Dec 04
Why Investors Shouldn't Be Surprised By Hannover Rück SE's (ETR:HNR1) Low P/E
User avatar

Navigating Favorable Market Conditions And Transformative Reinsurance Growth Strategies

Favorable P&C market and improved combined ratio boost profitability prospects, enhancing revenue, margins, and earnings.

With EPS Growth And More, Hannover Rück (ETR:HNR1) Makes An Interesting Case

Oct 16
With EPS Growth And More, Hannover Rück (ETR:HNR1) Makes An Interesting Case

Shareholder Returns

HNR1DE InsuranceDE Market
7D1.0%1.1%2.7%
1Y2.5%20.7%14.5%

Return vs Industry: HNR1 underperformed the German Insurance industry which returned 22% over the past year.

Return vs Market: HNR1 underperformed the German Market which returned 15% over the past year.

Price Volatility

Is HNR1's price volatile compared to industry and market?
HNR1 volatility
HNR1 Average Weekly Movement2.6%
Insurance Industry Average Movement3.3%
Market Average Movement4.9%
10% most volatile stocks in DE Market12.2%
10% least volatile stocks in DE Market2.5%

Stable Share Price: HNR1 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: HNR1's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19664,013Clemens Jungsthofelwww.hannover-re.com

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. The company provides property and casualty reinsurance solutions for agricultural, livestock, and bloodstock; aviation and space; natural catastrophe; credit, surety, and political risks; cyber; facultative; and marine and offshore energy businesses, as well as insurance-linked securities and structured reinsurance.

Hannover Rück SE Fundamentals Summary

How do Hannover Rück's earnings and revenue compare to its market cap?
HNR1 fundamental statistics
Market cap€30.99b
Earnings (TTM)€2.48b
Revenue (TTM)€29.44b
12.5x
P/E Ratio
1.1x
P/S Ratio

Is HNR1 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HNR1 income statement (TTM)
Revenue€29.44b
Cost of Revenue€23.67b
Gross Profit€5.77b
Other Expenses€3.29b
Earnings€2.48b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Nov 10, 2025

Earnings per share (EPS)20.58
Gross Margin19.60%
Net Profit Margin8.43%
Debt/Equity Ratio34.5%

How did HNR1 perform over the long term?

See historical performance and comparison

Dividends

3.5%
Current Dividend Yield
34%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/03 23:54
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hannover Rück SE is covered by 49 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Markus MayerBaader Helvea Equity Research
Ivan BokhmatBarclays
Robert BateBarclays