AllAnalyst Report
logoMorningstarMarch 10, 2023

Hannover Rück SE: Hannover Re Continues To Deliver on Its Specialist Lines and Lower Costs

Symbols
HVRRY
Sector(s)
Financial Services
Rating
Current Price
$40.68
Fair Value
Economic Moat
Stewardship
Summary

Hannover Re is a Germany-based reinsurance company with a strong reputation in writing specialist lines of reinsurance and a low-cost operating model. The business and its management team are highly disciplined, rarely ever making an acquisition and favouring a strategy of special dividends over committing to buybacks when looking to return excess capital to shareholders. We also find the business innovative in finding alternative and unearthed profit sources.

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Analyst Profile

Henry Heathfield

Equity Analyst
Henry Heathfield, CFA, is an equity analyst for Morningstar Holland BV, a wholly owned subsidiary of Morningstar, Inc. He covers insurance.Before joining Morningstar in 2016, Heathfield spent five years as a European and U.K. generalist at Silchester International Investors and three years at Redmayne-Bentley Stockbrokers.Heathfield holds a bachelor’s degree from Nottingham Trent University and a master’s degree in finance from the London Business School.