At his first Annual General Meeting (AGM) as Chief Executive Officer of Hannover Re, Clemens Jungsthöfel reaffirmed the company’s strong strategic direction for 2024–2026, highlighting its continued focus on profitable growth, robust capital strength, and collaborative innovation with clients and partners.
The Large European reinsurer’s AGM has approved the proposal put forward by the Executive Board and Supervisory Board to pay a total dividend for the 2024 financial year of €9.00 per share, an increase of 25% compared to the previous year.
According to the firm, the payout consists of an ordinary dividend of €7.00 (€6.00 previous year) per share and a special dividend of €2.00 (€1.20 previous year) per share.
Hannover Re is thus distributing altogether €1.1 billion to its shareholders.
The firm’s net income increased by 28% in 2024 to €2.3 billion, reaching the revised higher guidance, with a substantial improvement in property and casualty operating profit and a solid life and health performance.
Clemens Jungsthöfel, Chief Executive Officer of Hannover Re, commented at the AGM, “In these challenging times, climate change and geopolitical uncertainties make our work as a reinsurer more vital than ever.
“Extreme weather events such as storms, heavy rainfall and wildfires are growing in intensity around the world, causing enormous losses.
“Carefully assessing these risks and protecting our clients forms the very foundation of our business model.
“In order to continue our success going forward, we are committed to innovative products and technologies as well as the optimisation and automation of our processes.
“This is key to strengthening our company’s resilience and taking responsibility for the future in our mission as a reinsurer.”
