HNR1 FINANCIAL STATEMENTS

Hannover Rück SE — balance sheet, income statement and cash flow trends

HNR1Hannover Rück SE

🇩🇪 Germany · XETRA · Financial Services · Insurance - Reinsurance

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Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
025 B50 B75 B202120222023202420252026

Profit Funnel

Q1 2026 · TTM
Revenue82.8 B €Gross Profit82.8 B € · 100%Operating Income8.8 B € · 11%Pre-tax Income3.7 B € · 4%Net Income9.2 B € · 11%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue82.8 B €+3,796.2%
Gross Profit82.8 B €+3,796.2%
Operating Income8.8 B €+185.4%
EBITDA8.9 B €+166.9%
Net Income9.2 B €+309.3%

Peer Comparison· Insurance - Reinsurance

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
HNR1———11.1%
EG———11.9%
RGA———5.0%
RNR———24.5%
SPNT———15.5%
Industry median———11.9%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
050 B202120222023202420252026

Capital Structure

Q1 2026
Total Assets73.4 B
  • Equity13.9 B €19%
  • Long-term Liabilities58.6 B €81%

Key Figures

YoY change
Total Assets73.4 B €+1.2%
Total Liabilities58.6 B €-1.8%
Total Equity13.9 B €+14.8%
Cash & ST Investments59.9 B €+4.4%
Total Debt4.1 B €-10.7%
Net Debt3 B €-14.4%

Peer Comparison· Insurance - Reinsurance

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
HNR1—29.9%-6.2718.9%
EG0.7323.5%-5.8924.5%
RGA2.9145.9%0.568.1%
RNR4.5220.2%-6.2321.4%
SPNT0.9229.5%-3.7918.4%
Industry median0.9423.5%-3.7918.9%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
02 B4 B6 B202120222023202420252026

Cash Flow Bridge

Q1 2026 · TTM
02 B4 B6 B5.9 B €Operating-4.1 B €Investing-1.7 B €Financing74.3 M €Net Change

Key Figures

YoY change
Operating Cash Flow5.9 B €+3.2%
Capital Expenditures5.9 B €+121.3%
Free Cash Flow5.9 B €+3.2%
Dividends Paid-1.1 B €-142.3%

Peer Comparison· Insurance - Reinsurance

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
HNR17.1%7.1%7.1%63.8%
EG16.7%16.7%17.5%140.5%
RGA22.5%22.5%0.0%451.5%
RNR36.8%36.8%0.0%150.5%
SPNT10.2%10.2%0.0%66.1%
Industry median16.7%19.6%0.0%140.5%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.