Hannover Rueck SE AI Stock Analysis
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Hannover Rueck SE (HVRRY) AI Stock Analysis
Hannover Rueck SE
(Other OTC:HVRRY)
The score is driven primarily by solid fundamentals (strong revenue momentum, resilient profitability, and improving leverage) and a constructive earnings update with guidance maintained and strong underwriting/investment performance. Valuation is a major positive due to the very low P/E and strong dividend yield. The main offsets are weaker recent free-cash-flow conversion and some reported data/margin inconsistencies, with competitive pressure noted on the call.
Hannover Rueck SE (HVRRY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $39.42B
- Dividend Yield
- 4.53%
- Average Volume (3M)
- 11.91K
- Price to Earnings (P/E)
- 3.9
- Beta (1Y)
- 0.18
- Revenue Growth
- 7.33%
- EPS Growth
- 17.38%
- Country
- US
- Employees
- 4,078
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Insurance - Reinsurance
Hannover Rueck SE Business Overview & Revenue Model
Company Description
Hannover Rück SE, through its network of global subsidiaries, functions as a prominent international supplier of extensive reinsurance solutions and related services. Its business operations are primarily divided into two main areas: Property & Casua...
How the Company Makes Money
Hannover Re primarily makes money through (1) underwriting reinsurance risk and (2) investing the float (premiums received and reserves held before claims are paid). 1) Reinsurance underwriting income (core operating revenue) - Premiums from reinsura...
Hannover Rueck SE Earnings Call Summary
The call was strongly constructive. Hannover Re reported robust profitability, a low P&C combined ratio, strong investment returns, excellent capitalization, positive Life & Health performance, and progress toward its full-year targets. The main challenges were intensified P&C competition, a EUR 300 million year-on-year decline in P&C new business CSM, higher capital requirements, assumption-related Life & Health impacts, currency losses, and higher unrealized fixed-income losses. Overall, the positive operating and financial trends significantly outweighed the stated challenges.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Hannover Re maintained its guidance for the current year with a clear ambition to meet expectations, said the lower end of its 2026 P&C growth target remains within reach and the lower end of its target range should still be achievable, and expects the Life & Health reinsurance service result to meet its full target of around EUR 925 million; P&C’s combined ratio target is below 87%, the return on investment target is 3.5%, the normal expected runoff result is EUR 150 million to EUR 200 million, and the risk adjustment release is not generally expected to exceed the indicated range of 6% to 8%. Details of the 2027 earnings, combined ratio, discounting factor, revenue and midterm outlook will be provided at the Investors Day on the 25th of November, with revenue guidance including both traditional and structured reinsurance P&C business.
Hannover Rueck SE Financial Statement Overview
Summary
Strong top-line momentum (TTM revenue up ~267%) with solid profitability (~10.5% TTM net margin) and improving leverage (debt-to-equity down from ~0.61 in 2022 to ~0.32 in 2025). Offsetting this, operating profitability metrics appear volatile across years and there are noted TTM data inconsistencies (e.g., debt shown as 0 while debt-to-equity is non-zero). Cash flow is the main drag: TTM free cash flow fell ~36% to ~3.0B and cash conversion weakened (FCF ~0.45x net income).
Income Statement
74PositiveBalance Sheet
78PositiveCash Flow
67Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.59B | 24.02B | 2.66B | 1.13B | 1.39B | 26.15B |
| Gross Profit | 21.93B | 22.87B | 2.53B | 1.04B | 1.31B | 20.39B |
| EBITDA | 9.96B | 3.41B | 3.37B | 2.10B | 1.44B | 1.90B |
| Net Income | 2.72B | 2.64B | 2.33B | 1.82B | 780.80M | 1.23B |
Balance Sheet | ||||||
| Total Assets | 75.30B | 71.30B | 72.13B | 65.67B | 62.96B | 82.90B |
| Cash, Cash Equivalents and Short-Term Investments | 60.89B | 1.05B | 57.39B | 52.63B | 46.65B | 47.59B |
| Total Debt | 0 | 4.14B | 4.67B | 4.88B | 5.51B | 4.37B |
| Total Liabilities | 60.57B | 57.37B | 59.44B | 54.65B | 53.00B | 70.15B |
| Stockholders Equity | 13.67B | 12.92B | 11.79B | 10.13B | 9.06B | 11.89B |
Cash Flow | ||||||
| Free Cash Flow | 3.04B | 5.69B | 5.68B | 5.79B | 5.16B | 4.60B |
| Operating Cash Flow | 6.78B | 5.46B | 5.68B | 5.79B | 5.16B | 4.94B |
| Investing Cash Flow | -5.18B | -3.89B | -4.41B | -4.51B | -5.38B | -5.26B |
| Financing Cash Flow | -1.73B | -1.65B | -1.10B | -1.50B | 133.25M | 277.51M |
Hannover Rueck SE Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HVRRY, the sentiment is Positive. The current price of 54.48 is above the 20-day moving average (MA) of 53.27, above the 50-day MA of 50.60, and above the 200-day MA of 48.43, indicating a bullish trend. The MACD of 1.37 indicates Negative momentum. The RSI at 59.05 is Neutral, neither overbought nor oversold. The STOCH value of 32.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HVRRY.
Hannover Rueck SE Peers Comparison
Overall Rating
HG85Outperform- HVRRY80Outperform
SPNT79Outperform
RGA78Outperform
RNR76Outperform
EG65Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HG | 85Outperform | $3.82B | 7.23 | 23.92% | ― | 18.05% | 22.42% |
| HVRRY | 80Outperform | $39.58B | 3.87 | 67.35% | 4.53% | 7.33% | 17.38% |
| SPNT | 79Outperform | $3.15B | 6.50 | 21.64% | ― | 18.14% | 163.19% |
| RGA | 78Outperform | $17.83B | 10.45 | 13.15% | 1.38% | 22.58% | 99.93% |
| RNR | 76Outperform | $14.38B | 10.07 | 13.52% | 0.46% | -21.18% | -3.27% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| EG | 65Neutral | $15.64B | 9.02 | 12.52% | 1.89% | -8.72% | 250.85% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HVRRY | Hannover Rueck SE (ADR) | 54.48 | 6.16 | 12.75% | |
| EG | Everest Group, Ltd. | 423.74 | 105.25 | 33.05% | |
| RGA | Reinsurance Group Of America | 273.30 | 86.94 | 46.65% | |
| RNR | Renaissancere | 353.89 | 91.76 | 35.01% | |
| SPNT | Siriuspoint Ltd | 27.05 | 6.72 | 33.05% | |
| HG | Hamilton Insurance Group, Ltd. Class B | 38.53 | 14.16 | 58.09% |
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: Nov 11, 2026