Hannover Re Profit Up 33 Percent
NU Online News Service, March 29, 1:15 p.m. EST? Hannover Re said its net profit soared by 33 percent in 2003 as rate hikes and improved terms and conditions offset a contraction in premium income caused in part by the weak U.S. dollar.[@@]
For the year ending 2003, profits rose to 354.8 million euros ($432.1 million U.S.) up from 267.2 million euros ($325.4 million) reported in 2002.
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