HANOVER, Germany (Reuters) - Hannover Re , the world's third-largest reinsurer, beat analyst expectations for its 2012 net income and dividend on Thursday, helped by moderate damage claims and surging investment income.
Net income in 2012 rose 42 percent to 858.3 million euros, the highest level in the company's 46-year history, Hannover Re said. That topped an average of 836 million euros from a Reuters poll of 14 analysts.
Hannover Re said it would pay a dividend of 2.60 euros per share for 2012 plus a bonus of 0.40 euros per share, pipping the 2.95 euro dividend forecast by analysts.
In 2011, it had paid a dividend of 2.10 euros.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
