Reduction in capacity impacts Hannover Re earnings
Reinsurer Hannover Re has reported operating profit increases of 41.8% to 154.5m euro (£104.7m), for the first quarter of 2004, with quarterly net income rising by 36.1%, despite what it describes as "Markedly less premium income than the same period last year."
"With our 'More from less' initiative we have established a solid foundation for the accomplishment of our ambitious annual targets and demonstrated that the primary concern in our industry is profitOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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