FRANKFURT (Reuters) - Hannover Re beat forecasts with net profit that rose by 63 percent to 265.5 million euros ($339 million) in the third quarter, helped by surging investment income and a dearth of big damage claims.
The world's third biggest reinsurer, in which German insurer Talanx holds a majority stake, had been expected to report quarterly net profit of 213 million euros, the average of nine forecasts in a Reuters poll of banks and brokerages showed.
Hannover said it expected net income to exceed 800 million euros this year and be at about that level in 2013.
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