The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

HNR1.DE

Concerning the House

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments. The company provides property and casualty reinsurance solutions for agricultural, livestock, and bloodstock; aviation and space; natural catastrophe; credit, surety, and political risks; cyber; digital; marine and upstream energy; natural catastrophes; advanced and facultative business, insurance-linked securities and structured reinsurance; and parametric solutions. It also offers risk solutions in the areas of critical illness, disability, health, longevity, long term care, and mortality. In addition, the company offers group life, retirement, lifestyle, credit life, and Takaful reinsurance products. Further, the company provides various financial solutions, including new-business financing; monetization of embedded value; reserve and solvency relief; and reinsurance and solvency II businesses. The company was formerly known as Hannover Rückversicherung AG and changed its name to Hannover Rück SE in March 2013. Hannover Rück SE was founded in 1966 and is based in Hanover, Germany. Hannover Rück SE operates as a subsidiary of Talanx AG.

Germany · www.hannover-re.com

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$6.22B$4.88B$5.80B$7.12B
Net income$480.50M$833.50M$650.80M$676.70M
Diluted EPS3.986.915.40
Free cash flow$1.07B$1.16B$1.69B$1.78B
Quotation

$249.20

-0.80 (-0.3%)

52w hi$264.85
52w lo$223.15
Vol111.33K
As ofAug 13
The Verdict

Hold

Our score +0.12

Short-0.11
Medium+0.17
Long+0.46

computed 2026-08-13

By the Numbers

Hannover Rück SE

Financial Services · Insurance - Reinsurance

Market cap$30.05B
Enterprise value$28.11B
Trailing P/E11.00x
Forward P/E10.60x
EV / EBITDA8.17x
P / S (ttm)1.33x
Profit margin12.1%
Return on equity22.2%
Revenue growth-23.3%
Earnings growth-16.5%
Debt / equity28.97
Risk Metrics
Beta vs SPX0.03
Corr SPX0.02
Annual vol21.2%
Annual ret+4.8%
Sharpe0.22
Max DD-23.6%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.36
Sector+0.09
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$249.60$251.20$247.40$249.20111.33K
Aug 12$251.00$252.20$247.80$250.00157.04K
Aug 11$253.00$253.40$249.60$250.40128.12K
Aug 10$253.40$253.60$250.40$252.4094.06K
Aug 7$249.80$254.60$248.40$253.60135.97K