Hannover Re Stock Drops After 48% Profit Jump as Price Pressure Bites
Hannover Re shares fell 2.25% Monday despite a 48% rise in first-quarter net income to 710.6 million euros, as investors focused on a 6.4% drop in reinsurance revenue and weaker pricing in property-and-casualty renewals. Risk-adjusted prices fell 3.6% in April treaty renewals. The company confirmed its 2026 profit target and reported a Solvency II ratio of 254%. Analyst reactions were mixed.