As published in their results for the first half of 2016, operating profit as at 30 June added up to $830m
Hannover Re released its results for the first half of 2016, according to which it has already generated more than the 2016 expected net income of at least $1bn.
The operating profit as at 30 June added up to $830m.
Hannover re chief executive Ulrich Wallin said: “The half-yearly profit benefited overall from pleasing investment income, solid results in life and health reinsurance and an acceptable result in property and casualty reinsurance.”
He added: “Nevertheless, increased loss expenditure in the second quarter and diminished return opportunities in the investment portfolio did lead to a smaller profit.”