Hannover Rueck SE (HVRRY)
OTHER OTC:HVRRY
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Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.07Last Year’s EPS
1.34Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial picture: strong Q1 earnings (EUR 711m), robust underwriting performance (P&C combined ratio 83.6%), strengthened reserving resiliency (EUR 3.2bn), solid Life & Health growth (+15% currency-adjusted) and investment returns slightly above target (3.6%). Management confirmed 2026 guidance and emphasized prudent reserving and capital deployment to sustain growth. Headwinds include structured reinsurance volume declines, rate softening (risk-adjusted -3.6% in April), IFRS 17 accounting impacts on reported revenue, and some adverse reserving/assumption items (notably a EUR 133m loss component in Life & Health related partly to China CI). Overall, positives (profitability, capitalization, reserve strengthening, affirmed guidance) outweigh the manageable challenges and market uncertainties.Company Guidance
Strong Group Net Income
Group net income of EUR 711 million for Q1 2026, described as a very good start to the year and underpinning sustainable earnings growth.
P&C Underwriting Profitability
P&C combined ratio of 83.6% in Q1, well below the target of 87%, with management noting the underlying combined ratio is even better after adjusting for prudency and runoff effects.
New Business CSM and Renewals
New business CSM of EUR 1.1 billion (P&C, driven by successful January renewals) and additional CSM growth; overall CSM increased by 9.7% year-over-year, supporting full-year planning.
Life & Health Growth and Profitability
Life & Health top-line growth of +15% (currency-adjusted) and new CSM generation of EUR 249 million; reinsurance service result of EUR 254 million, putting the business group on track toward the full-year target of ~EUR 925 million.
Investment Performance Above Target
Return on investment of 3.6% for Q1, slightly above the 3.5% target, driven by strong ordinary income from fixed income and realized gains (including real estate sales) and positive fair-value impacts from alternatives.
Strong Capitalization and Equity Growth
Solvency ratio at 254% (includes dividend accruals) and shareholders' equity increased by 7.3% year-over-year, indicating strong capitalization and balance-sheet resilience.
Reserve Resiliency Increased
Independent reserve review (Willis Towers Watson) finalized total resiliency at EUR 3.2 billion; resiliency ratio increased from 7.7% to 8.6% (up 0.9 percentage points), with management comfortable and flexible on reserving levels.
Positive April Renewal Outcomes and Business Growth
April renewals delivered volume-weighted growth of 5.6% year-to-date for traditional business (up from 3.3% pre-April), with selective growth in digital (insurtech distribution), India expansion and specialty lines; management confirms 2026 guidance unchanged.
Prudent Reserving Philosophy Supporting Stability
Management intentionally booked full large-loss budget and added prudency to reserves (negative reported runoff of EUR 48 million) to strengthen resilience and support stable earnings through the cycle.
HVRRY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HVRRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $48.00 | $46.77 | -2.58% |
Mar 12, 2026 | $45.97 | $47.83 | +4.05% |
Nov 10, 2025 | $46.22 | $47.75 | +3.31% |
Aug 12, 2025 | $49.48 | $48.02 | -2.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hannover Rueck SE (HVRRY) report earnings?
Hannover Rueck SE (HVRRY) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is Hannover Rueck SE (HVRRY) earnings time?
Hannover Rueck SE (HVRRY) earnings time is at Aug 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HVRRY EPS forecast?
HVRRY EPS forecast for the fiscal quarter 2026 (Q2) is 1.07.