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(Bloomberg) — Hannover Re, the world’s third-biggest reinsurer, said second-quarter profit rose 10%, helped by a lower level of large claims and higher life reinsurance earnings.

Net income climbed to 211.5 million euros ($282.7 million) from 192.3 million euros a year ago, the reinsurer said in a statement today. Profit compared with the 223.8 million-euro average estimate of 11 analysts surveyed by Bloomberg.

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