Want to see DE:HNR1 full AI Analyst Report?
Top Page
Hannover Rueck
(XETRA:HNR1)
Select Model
Select Model
Rating:74Outperform
Price Target:
€284.00
▲(11.90% 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
Strong Cash Generation
Substantial operating and free cash flow gives Hannover Re capacity to fund claims, capital needs and shareholder distributions internally. This supports resilience across the reinsurance cycle, although cash conversion should still be monitored.
Negative Factors
Thin Operating Profitability
Thin operating margins leave less buffer against catastrophe claims, claims inflation, adverse reserve development or weaker investment returns. Sustained profitability therefore depends heavily on disciplined pricing and favorable underwriting experience.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Substantial operating and free cash flow gives Hannover Re capacity to fund claims, capital needs and shareholder distributions internally. This supports resilience across the reinsurance cycle, although cash conversion should still be monitored.
Read all positive factors
Hannover Rueck (HNR1) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€30.19B
Dividend Yield4.99%
Average Volume (3M)128.13K
Price to Earnings (P/E)3.3
Beta (1Y)0.51
Revenue Growth-2.14%
EPS Growth10.15%
CountryDE
Employees4,090
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Reinsurance
Share Statistics
EPS (TTM)75.69
Shares Outstanding120,597,140
10 Day Avg. Volume149,251
30 Day Avg. Volume128,134
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)2.48
Price to Sales (P/S)1.20
P/FCF Ratio5.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€292.17Price Target Upside15.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)23.04
Revenue Forecast (FY)€27.09B
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. Withi...
How the Company Makes Money
Hannover Re makes money mainly by underwriting reinsurance and investing the premiums (float) it holds before claims are paid. Its core revenue and earnings drivers are: (1) Reinsurance premium income: Hannover Re receives premiums from cedants (p...
Hannover Rueck Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| 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 | 0.00 | 3.46B | 2.10B | 1.59B | 1.71B |
| 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
Neutral
253.80
Price Trends
252.51
Negative
245.38
Positive
244.36
Positive
Market Momentum
-0.19
Positive
45.93
Neutral
23.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HNR1, the sentiment is Neutral. The current price of 253.8 is below the 20-day moving average (MA) of 254.19, above the 50-day MA of 252.51, and above the 200-day MA of 244.36, indicating a neutral trend. The MACD of -0.19 indicates Positive momentum. The RSI at 45.93 is Neutral, neither overbought nor oversold. The STOCH value of 23.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:HNR1.
Hannover Rueck Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €31.29B | 12.00 | 25.67% | 2.97% | 2.06% | 15.31% | |
78 Outperform | €63.92B | 9.37 | 20.59% | 4.77% | 0.06% | 38.83% | |
74 Outperform | €30.19B | 3.31 | 69.73% | 4.99% | -2.14% | 10.15% | |
56 Neutral | €1.34B | 10.98 | 2.45% | 4.55% | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:HNR1
Hannover Rueck
250.40
14.31
6.06%
DE:MUV2
Munich Reinsurance
503.40
-2.06
-0.41%
DE:TLX
Talanx AG
121.20
12.57
11.57%
DE:WUW
Wuestenrot & Wuerttembergische
14.28
1.35
10.44%
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.