Valuation Hannover Re

Equities

Market Closed - Xetra Other stock markets 16:35:00 21/04/2026 BST			5-day change	1st Jan Change
278.20 ^EUR	+0.22%		+1.61%	+4.51%

04-16	HANNOVER RUECKVERSICHERUNG AG : RBC gives a Neutral rating	ZD
04-15	HANNOVER RUECKVERSICHERUNG AG : Barclays reaffirms its Sell rating	ZD

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	20,158	22,371	26,085	29,112	32,099	33,550	-	-
Change	-	10.98%	16.6%	11.6%	10.26%	4.52%	-	-
Enterprise Value (EV) ¹	24,528	27,881	29,906	29,112	35,190	41,981	42,049	42,121
Change	-	13.67%	7.26%	-2.65%	20.88%	19.3%	0.16%	0.17%
P/E ratio	16.4x	15.9x	14.3x	12.5x	12.2x	12x	11.8x	11.5x
PBR	1.7x	2.76x	2.58x	2.47x	2.48x	2.4x	2.21x	2.04x
PEG	-	1.1x	0.5x	0.5x	0.9x	2.12x	5.21x	5.11x
Capitalization / Revenue	0.73x	0.67x	1.07x	1.1x	1.2x	1.21x	1.15x	1.11x
EV / Revenue	0.88x	0.84x	1.22x	1.1x	1.31x	1.51x	1.44x	1.4x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	14.1x	13.4x	15.2x	8.78x	10x	10.9x	10.7x	10.6x
EV / FCF	-	-	5.56x	-	-	62.5x	67.1x	76.2x
FCF Yield	-	-	18%	-	-	1.6%	1.49%	1.31%
Dividend per Share ²	5.75	-	7.2	9	12.5	13	13.59	14.38
Rate of return	3.44%	-	3.33%	3.73%	4.7%	4.67%	4.89%	5.17%
EPS ²	10.21	11.66	15.13	19.31	21.9	23.14	23.66	24.2
Distribution rate	56.3%	-	47.6%	46.6%	57.1%	56.2%	57.4%	59.4%
Net sales ¹	27,762	33,276	24,456	26,379	26,786	27,751	29,188	30,102
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	1,735	2,087	1,971	3,318	3,508	3,857	3,923	3,986
Net income ¹	1,231	1,407	1,825	2,329	2,642	2,791	2,850	2,911
Net Debt ¹	4,370	5,510	3,821	-	3,091	8,430	8,499	8,571
Reference price ²	167.15	185.50	216.30	241.40	266.20	278.20	278.20	278.20
Nbr of stocks (in thousands)	120,597	120,597	120,597	120,597	120,581	120,597	-	-
Announcement Date	10/03/22	09/03/23	18/03/24	12/03/25	12/03/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
HANNOVER RE	12x	1.51x	-	4.68%	39.45B
MUNICH RE	11.23x	-	-	4.45%	84.87B
EVEREST GROUP, LTD.	6.62x	-	-	2.35%	15.74B
RENAISSANCERE HOLDINGS LTD.	8.82x	-	-	0.52%	13.5B
SIRIUSPOINT LTD.	8.97x	-	-	-	2.73B
IRB - BRASIL RESSEGUROS S.A.	7.97x	-	-	3.61%	955M
CONDUIT HOLDINGS LIMITED	6.6x	-	-	6.15%	885M
Average	8.89x	1.51x		3.63%	22.59B
Weighted average by Cap.	10.67x	1.51x		3.96%