Wednesday, August 3, 2016

Hannover Re Group H1 Net Income Declines; On Track To Achieve 2016 Targets

Hannover Re Group (HVRRY.PK) reported that its Group net income for the first six months fell by 8.6% to 486.1 million euros from 531.9 million euros, prior year. Earnings per share was 4.03 euros compared to 4.41 euros. Operating profit (EBIT) totalled 745.2 million euros. The company noted that its EBIT figure for the comparable period of 789.4 million euros had been assisted by a special effect in life and health reinsurance amounting to 39 million euros.

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