Hannover Rück (HNR1) Stock Overview
Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 6/6 |
Rewards
Risk Analysis
No risks detected for HNR1 from our risk checks.
HNR1 Community Fair Values
Create NarrativeSee what 49 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Hannover Rück SE Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €238.00 |
| 52 Week High | €281.20 |
| 52 Week Low | €223.40 |
| Beta | 0.13 |
| 1 Month Change | -1.65% |
| 3 Month Change | -7.68% |
| 1 Year Change | -9.92% |
| 3 Year Change | 24.12% |
| 5 Year Change | 66.26% |
| Change since IPO | 1,737.35% |
Recent News & Updates
Narrative Update • Jun 22
HNR1: 2026 Earnings Guidance And Capital Discipline Will Support Future Upside
Hannover Rück's analyst price target has been revised lower to €260 from €290 as several firms trim their estimates, with analysts pointing to updated assumptions for fair value, discount rates and profitability. Analyst Commentary Recent research on Hannover Rück shows that several major banks, including JPMorgan, have reduced their price targets while generally maintaining neutral stances on the stock.
Narrative Update • Jun 04
HNR1: Rich Rating Will Test 2026 Earnings Payout Against Cautious Street Revisions
The analyst fair value estimate for Hannover Rück has shifted from €239.0 to €246.0, reflecting updated assumptions on growth, profitability and discount rates after recent Street research, where several banks adjusted their price targets to a range of €260 to €330 and reiterated neutral to positive views on the stock. Analyst Commentary Recent Street research on Hannover Rück shows a cluster of reduced price targets, even where ratings remain neutral or equivalent.Narrative Update • May 05
HNR1: 2026 Earnings Guidance And Dividend Policy Will Support Upside Potential
Analysts have nudged their price targets for Hannover Rück higher, with recent research pointing to increases of €5 and from €312 to €330, citing updated views on growth, profitability and valuation assumptions. Analyst Commentary Bullish analysts are signaling a more constructive view on Hannover Rück, with recent research reflecting higher price targets and supportive commentary around the company’s setup.Recent updates
Narrative Update • Jun 22
HNR1: 2026 Earnings Guidance And Capital Discipline Will Support Future Upside
Hannover Rück's analyst price target has been revised lower to €260 from €290 as several firms trim their estimates, with analysts pointing to updated assumptions for fair value, discount rates and profitability. Analyst Commentary Recent research on Hannover Rück shows that several major banks, including JPMorgan, have reduced their price targets while generally maintaining neutral stances on the stock.Narrative Update • Jun 04
HNR1: Rich Rating Will Test 2026 Earnings Payout Against Cautious Street Revisions
The analyst fair value estimate for Hannover Rück has shifted from €239.0 to €246.0, reflecting updated assumptions on growth, profitability and discount rates after recent Street research, where several banks adjusted their price targets to a range of €260 to €330 and reiterated neutral to positive views on the stock. Analyst Commentary Recent Street research on Hannover Rück shows a cluster of reduced price targets, even where ratings remain neutral or equivalent.Narrative Update • May 05
HNR1: 2026 Earnings Guidance And Dividend Policy Will Support Upside Potential
Analysts have nudged their price targets for Hannover Rück higher, with recent research pointing to increases of €5 and from €312 to €330, citing updated views on growth, profitability and valuation assumptions. Analyst Commentary Bullish analysts are signaling a more constructive view on Hannover Rück, with recent research reflecting higher price targets and supportive commentary around the company’s setup.Narrative Update • Apr 20
HNR1: 2026 Earnings Guidance And Dividend Policy Will Sustain Premium
Analysts have raised the price target for Hannover Rück to €347, supported by updated assumptions for revenue growth, profit margins and P/E multiples following recent upward revisions from several research houses. Analyst Commentary Recent research has tilted clearly positive, with several bullish analysts lifting price targets and reaffirming confidence in Hannover Rück’s execution.Narrative Update • Apr 05
HNR1: Rich Rating Will Test 2026 Guidance Resilience After Conviction List Downgrade
The analyst price target for Hannover Rück has moved from €233 to €239, with analysts pointing to updated fair value estimates and slightly adjusted assumptions on revenue growth, profit margins and future P/E as key drivers behind the change. Analyst Commentary Recent research points to a split in views on Hannover Rück, with some firms lifting price targets and others turning more cautious.Narrative Update • Mar 22
HNR1: Rich Rating Will Test Conviction List Support Versus 2026 Earnings Guidance
Narrative Update on Hannover Rück Analysts have lifted their average price target on Hannover Rück by €5, reflecting recent upward revisions such as Berenberg increasing its target to €330 and positive inclusion in conviction lists, even as views remain mixed, with at least one downgrade balancing expectations. Analyst Commentary Recent research on Hannover Rück highlights a split in sentiment, with some firms lifting price targets and adding the stock to conviction lists, while more cautious voices flag risks around execution, growth and valuation.Narrative Update • Mar 07
HNR1: Mixed Conviction Calls Will Shape Reaction To 2026 Earnings Guidance
Analysts now set their price target for Hannover Rück at €270, up from €233, reflecting small adjustments to revenue growth, profit margin, and future P/E assumptions informed by recent research that includes both an addition to a European conviction list and a rating downgrade to Equal Weight. Analyst Commentary Recent research on Hannover Rück sends a mixed message, with the share being added to a European conviction list by one major bank while another major house trims its enthusiasm and rating.Narrative Update • Feb 21
HNR1: Mixed Conviction Calls Will Shape Reaction To 2026 Earnings Guidance
Analysts have lifted their fair value estimate for Hannover Rück from about €224.01 to €233.00, reflecting updated views on its discount rate, revenue growth, profit margin and future P/E after recent research that included both an addition to a European conviction list and a separate price target cut alongside a rating downgrade. Analyst Commentary The recent research on Hannover Rück sends mixed signals, with some optimistic views balanced by more cautious adjustments.
Narrative Update • Feb 07
HNR1: Conviction List Inclusion Will Support Reset Expectations And Earnings Quality
Analysts have trimmed their price target for Hannover Rück slightly to €283.93 from €284.33, reflecting updated assumptions on revenue growth, discount rates, profit margins and future P/E after mixed recent research, including a conviction list addition and a separate downgrade with a lower €270 target. Analyst Commentary Bullish Takeaways Goldman Sachs adding Hannover Rück to its European Conviction List signals confidence in the company’s ability to execute on its business plan, which some investors may view as support for the current P/E assumptions used in valuation models.Narrative Update • Jan 24
HNR1: Shares Will Likely Benefit From Reset Expectations And Sustained Earnings Quality
Narrative Update Overview Analysts have trimmed their price target for Hannover Rück to about €284 from roughly €290, reflecting a lower assumed fair value and a shift to more neutral ratings. The updated assumptions combine slightly different revenue growth, profit margin and future P/E expectations.Narrative Update • Jan 10
HNR1: Margin Resilience And 2025–2026 Earnings Guidance Will Sustain Premium
Analysts have trimmed their fair value estimate for Hannover Rück slightly to €344.21, reflecting recent cuts to price targets to €270 to €290 and a shift to more neutral ratings as they factor in expectations for lower revenue growth, a modestly softer profit margin, and a higher future P/E multiple. Analyst Commentary Recent research points to a more balanced stance on Hannover Rück, but there are still some clear positives that supportive analysts highlight when they look at valuation, execution, and growth potential.Narrative Update • Dec 27
HNR1: Earnings Momentum Will Sustain Margin Premium Through Upcoming Cycle
Narrative Update on Hannover Rück Analysts have nudged their blended price target on Hannover Rück slightly higher to around EUR 290, citing modest upgrades to long term revenue growth and profit margin assumptions, as well as confidence that the company can sustain its margin advantage, albeit from already full valuation multiples. Analyst Commentary Bullish analysts continue to frame Hannover Rück as a high quality compounder in the reinsurance space, arguing that near term volatility in sector sentiment does not fully capture the companys ability to defend and gradually expand its earnings base.Narrative Update • Dec 12
HNR1: Earnings Guidance Momentum Will Support Durable Premium Through The Cycle
The analyst fair value estimate for Hannover Rück has inched higher to approximately EUR 345 from EUR 340, as analysts balance modestly stronger growth assumptions and a slightly richer sector-relative valuation premium against a small downtick in projected profit margins. Analyst Commentary Recent Street research highlights a constructive but more nuanced stance on Hannover Rück, with bullish analysts pointing to resilient fundamentals and scope for continued value creation despite an already elevated valuation multiple.Analysis Article • Dec 06
Earnings Working Against Hannover Rück SE's (ETR:HNR1) Share Price
With a price-to-earnings (or "P/E") ratio of 12.4x Hannover Rück SE ( ETR:HNR1 ) may be sending bullish signals at the...Narrative Update • Nov 26
HNR1: Shares Will Likely Benefit From Sustained High Margins And Earnings Quality
Analysts have modestly raised their price target for Hannover Rück to approximately €290, citing higher revenue growth estimates and continued strong margins. Analyst Commentary Recent updates from equity research analysts shed light on both the optimistic outlook and the risks surrounding Hannover Rück's stock performance and valuation.Analysis Article • Nov 09
Should You Be Adding Hannover Rück (ETR:HNR1) To Your Watchlist Today?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Oct 13
Growing Emerging Markets Will Expand Global Reinsurance Opportunities
Analysts have modestly reduced their price target for Hannover Rück from €285.40 to €283.80, citing valuation considerations in light of recent market updates and evolving sector performance outlooks. Analyst Commentary Recent street research has provided a mix of bullish and bearish perspectives on Hannover Rück, with analysts weighing improved resilience against valuation challenges.Analysis Article • Aug 15
Earnings Update: Hannover Rück SE (ETR:HNR1) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts
XTRA:HNR1 1 Year Share Price vs Fair Value Explore Hannover Rück's Fair Values from the Community and select yours...Analysis Article • Aug 08
Little Excitement Around Hannover Rück SE's (ETR:HNR1) Earnings
XTRA:HNR1 1 Year Share Price vs Fair Value Explore Hannover Rück's Fair Values from the Community and select yours With...Analysis Article • Jul 18
Is Now The Time To Put Hannover Rück (ETR:HNR1) On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
New Narrative • Nov 24
Navigating Favorable Market Conditions And Transformative Reinsurance Growth Strategies
Favorable P&C market and improved combined ratio boost profitability prospects, enhancing revenue, margins, and earnings.Shareholder Returns
| HNR1 | DE Insurance | DE Market | |
|---|---|---|---|
| 7D | 2.5% | 1.8% | -1.5% |
| 1Y | -9.9% | 4.7% | 1.9% |
Return vs Industry: HNR1 underperformed the German Insurance industry which returned 4.7% over the past year.
Return vs Market: HNR1 underperformed the German Market which returned 1.9% over the past year.
Price Volatility
| HNR1 volatility | |
|---|---|
| HNR1 Average Weekly Movement | 3.1% |
| Insurance Industry Average Movement | 3.5% |
| Market Average Movement | 5.8% |
| 10% most volatile stocks in DE Market | 13.2% |
| 10% least volatile stocks in DE Market | 2.8% |
Stable Share Price: HNR1 has not had significant price volatility in the past 3 months compared to the German market.
Volatility Over Time: HNR1's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1966 | 3,989 | Clemens Jungsthofel | www.hannover-re.com |
Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments. The company provides property and casualty reinsurance solutions for agricultural, livestock, and bloodstock; aviation and space; natural catastrophe; credit, surety, and political risks; cyber; digital; marine and upstream energy; natural catastrophes; advanced and facultative business, insurance-linked securities and structured reinsurance; and parametric solutions.
Hannover Rück SE Fundamentals Summary
| HNR1 fundamental statistics | |
|---|---|
| Market cap | €28.77b |
| Earnings (TTM) | €2.87b |
| Revenue (TTM) | €24.30b |
10.0x
P/E Ratio1.2x
P/S RatioIs HNR1 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HNR1 income statement (TTM) | |
|---|---|
| Revenue | €24.30b |
| Cost of Revenue | €18.88b |
| Gross Profit | €5.42b |
| Other Expenses | €2.55b |
| Earnings | €2.87b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 12, 2026
| Earnings per share (EPS) | 23.81 |
| Gross Margin | 22.31% |
| Net Profit Margin | 11.82% |
| Debt/Equity Ratio | 27.9% |
How did HNR1 perform over the long term?
See historical performance and comparisonDividends
5.3%
Current Dividend Yield52%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/25 23:31 |
| End of Day Share Price | 2026/06/25 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Hannover Rück SE is covered by 36 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Markus Mayer | Baader Helvea Equity Research |
| Robert Bate | Barclays |
| Andrew Broadfield | Barclays |