Hannover Rück sets 2026 earnings target of at least 2.7 billion euros

Hannover Rück SE has announced a group earnings target of at least 2.7 billion euros for 2026. This projection assumes that expenses for large-scale losses do not significantly exceed the expected level of 2.3 billion euros and that no major negative developments occur in the capital markets.

Financial analysts have provided positive outlooks for the reinsurer. Berenberg maintains a ‘Buy’ rating with a price target of 330 euros, noting the company is well-positioned compared to industry peers. Similarly, DZ Bank has maintained its ‘Buy’ rating with a fair value estimate of 314 euros, citing balance sheet buffers and higher investment income. As of September 29, 2026, the stock was trading at 256.10 euros.