Hannover Rueck (HNR1) AI Stock Analysis

Hannover Rueck

(XETRA:HNR1)

Select Model

Rating:74Outperform

Price Target:EUR 325.00▲(11.68% Upside)

Action:reiterated

Date:08/17/26

The score is driven primarily by very attractive valuation (low P/E and high dividend yield) and a generally solid—though volatile—financial profile with strong cash generation but thin operating margins and normalization risk. Technicals are supportive with price above major moving averages, but momentum signals remain moderate.

Positive Factors

Diversified reinsurance modelHannover Re operates across property and casualty plus life and health reinsurance, with exposure to multiple lines and risk types. This breadth supports diversification across underwriting portfolios and client needs, helping the business remain relevant through changing insurance cycles.

Negative Factors

Thin operating profitabilityVery thin operating margins leave relatively little room for adverse claims development, expense pressure, or weaker pricing before profitability is affected. This limits the cushion supporting earnings and makes sustained operating performance more dependent on disciplined underwriting and investment results.

Hannover Rueck (HNR1) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 34.97B
Dividend Yield: 4.31%
Average Volume (3M): 129.50K
Price to Earnings (P/E): 3.8
Beta (1Y): 0.50
Revenue Growth: -2.14%
EPS Growth: 10.15%
Country: Germany
Employees: 4,090
Sector: General
Sector Strength: 55
Industry: Insurance - Reinsurance

Hannover Rueck Business Overview & Revenue Model

Company Description

Hannover Rück SE, along with its group entities, offers a broad spectrum of reinsurance products and services worldwide. Operations are structured around two principal segments: Property & Casualty Reinsurance, and Life & Health Reinsurance. Within P...

How the Company Makes Money

Hannover Re makes money mainly from (1) underwriting reinsurance and (2) investment income on its asset portfolio. 1) Underwriting reinsurance (core revenue stream) - Premiums: The company earns reinsurance premiums paid by primary insurers (cedants)...

Hannover Rueck Financial Statement Overview

Summary

Strong TTM revenue growth and solid net margin, supported by large absolute operating cash flow and free cash flow. Offsetting factors include thin operating profitability (EBIT/EBITDA margins ~2%), historically volatile revenue/profitability, and a recent decline in free cash flow growth—raising repeatability/normalization risk.

Income Statement

66Positive

Balance Sheet

74Positive

Cash Flow

63Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	85.04B	26.80B	2.66B	21.98B	1.39B	26.28B
Gross Profit	79.96B	26.80B	2.53B	21.35B	1.31B	26.28B
EBITDA	1.70B	0	3.46B	2.10B	1.59B	1.76B
Net Income	9.08B	2.64B	2.33B	1.82B	780.80M	1.23B
Balance Sheet
Total Assets	74.39B	71.33B	72.13B	65.67B	62.96B	82.90B
Cash, Cash Equivalents and Short-Term Investments	1.06B	1.05B	57.39B	1.05B	48.81B	49.19B
Total Debt	4.13B	4.14B	4.67B	4.88B	5.51B	4.37B
Total Liabilities	60.09B	57.40B	59.44B	54.65B	53.00B	70.15B
Stockholders Equity	13.27B	12.93B	11.79B	10.13B	9.06B	11.89B
Cash Flow
Free Cash Flow	4.72B	5.69B	5.68B	5.79B	4.95B	4.94B
Operating Cash Flow	6.46B	5.69B	5.68B	5.79B	4.95B	4.94B
Investing Cash Flow	-4.91B	-4.05B	-4.41B	-4.51B	-5.08B	-5.26B
Financing Cash Flow	-1.62B	-1.72B	-1.10B	-1.50B	44.30M	277.51M

Hannover Rueck Technical Analysis

Technical Analysis SentimentPositive

Last Price291.00

Price Trends

50DMA262.11Positive

100DMA254.71Positive

200DMA248.26Positive

Market Momentum

MACD7.30Negative

RSI79.20Negative

STOCH92.14Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HNR1, the sentiment is Positive. The current price of 291.00 is above the 20-day moving average (MA) of 272.97, above the 50-day MA of 262.11, and above the 200-day MA of 248.26, indicating a bullish trend. The MACD of 7.30 indicates Negative momentum. The RSI at 79.20 is Negative, neither overbought nor oversold. The STOCH value of 92.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:HNR1.

Hannover Rueck Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:HNR1 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:TLX	84Outperform	EUR 33.14B	12.71	25.67%	2.80%	2.06%	15.31%
DE:MUV2	78Outperform	EUR 71.34B	10.56	20.59%	4.23%	0.06%	38.83%
DE:HNR1	74Outperform	EUR 34.97B	3.83	69.73%	4.31%	-2.14%	10.15%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
DE:WUW	43Neutral	EUR 1.22B	9.03	2.73%	4.98%	―	―

* General Sector Average

Performance Comparison

DE:HNR1 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:HNR1	Hannover Rueck SE (UK)	290.00	54.86	23.33%
DE:MUV2	Munich Reinsurance	567.00	55.81	10.92%
DE:TLX	Talanx AG	128.40	26.34	25.81%
DE:WUW	Wuestenrot & Wuerttembergische	13.04	-0.52	-3.84%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026

Hannover Rueck AI Stock Analysis