In the first nine months of 2024, Hannover Re reported a 30.4% increase in group net income, reaching €1.8 billion, compared to €1.4 billion for the same period last year. Gross reinsurance revenue increased by 6.4% to €19.7 billion, a figure that would have grown 7.0% at constant exchange rates. The reinsurance service result, which represents underwriting profitability less ceded business, rose by 36.4% to €2.1 billion.
