Hannover Re Income Up; Premium Down
NU Online News Service, Aug. 12, 11:00 a.m. EDT?Hannover Re reported a half-year increase in net income of 30 percent, despite a significant decrease in gross premium income.[@@]
The giant reinsurer, based in Hannover, Germany, reported net income of 211.5 million euros ($258 million) from 162.4 million euros ($198.1 million) earned in the first half of 2003.
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