LONDON (dpa-AFX Broker) - The British investment bank Barclays has raised its target price for Hannover Re from 183 to 205 euros, but left its rating at "Underweight". The latest quarterly figures show strong earnings growth, as the reinsurer did not have to increase its reserves, analyst Ivan Bokhmat wrote in a study published on Thursday. Growth and profits in life and health insurance, on the other hand, were somewhat disappointing. Hannover Re should be less susceptible to fluctuations than its competitors due to its defensive positioning in a hurricane season. However, Munich Re has more potential in terms of valuation and capital distributions./gl/la

Publication of the original study: 15.05.2024 / 18:29 / GMT First distribution of the original study: 16.05.2024 / 03:00 / GMT

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