"Weatherproof" Hannover Re exceeds H1 targets
Global reinsurer Hannover re posted strong 1st half results, growing gross premiums by 12.8% and producing a return on equity of 19.9% after tax despite reducing exposure in peak zones.
Reporting satisfactory conditions across all of the company’s main business segments, operating profit was boosted by almost 30% to €449.8m. Group net income as at 30 June 2006 grew by 4.2% to €256.6m
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