Group Strategy 2024 - 2026

Staying Focused. Thinking Ahead.

Dear readers,

At Hannover Re, we renew our strategy every three years to ensure our sustainable business success. “Staying Focused. Thinking Ahead.” – these four words succinctly define what we at Hannover Re aim to achieve by 2026: an industry-leading performance in terms of profitability and earnings growth, a reliable delivery on economic value creation as well as attractive and increasing ordinary dividends. We will safeguard our cost leadership and capital strength and, complementing the financial aspects of our ambition, strive for a high degree of employee engagement and environmental stewardship.

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Staying focused on our “somewhat different” approach

  • Act as a pure-play reinsurer
  • Be the preferred business partner
  • Build on our lean and capital-efficient operating model
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Securing profitable growth and outperformance

  • Enable our clients to grow and succeed
  • Enhance cycle management and portfolio steering
  • Innovate and strengthen leadership in tailored solutions, longevity and ILS
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Thinking ahead to enable global industry leadership

  • Expand data and analytics capabilities
  • Drive operational efficiency and automation
  • Invest in leadership and people development
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Focus

Grow

Accelerate

Our Ambition

Industry-leading performance

  • Profitability
  • Earnings growth

Delivery on

  • Economic value creation
  • Attractive dividends
  • Cost leadership
  • Capital strength
  • Credit ratings
  • Employee engagement
  • Environmental stewardship

Key metrics

Profitability RoE > 14%

Economic value creation CSM growth > 2%

Capital strength Solvency II ratio > 200%

Earnings growth EBIT growth > 5%

Attractive dividends > Increasing ordinary dividend

Environmental stewardship CDP score ≥ Management level

Key metrics

Profitability RoE > 14%

Earnings growth EBIT growth > 5%

Economic value creation CSM growth > 2%

Attractive dividends > Increasing ordinary dividend

Capital strength Solvency II ratio > 200%

Environmental stewardship CDP score ≥ Management level

Key metrics

Profitability Earnings growth RoE > 14% EBIT growth > 5%

Economic value creation Attractive dividends CSM growth > 2% > Increasing ordinary dividend

Capital strength Environmental stewardship Solvency II ratio > 200% CDP score ≥ Management level

RoE = Return on Equity, EBIT = Earnings Before Interest and Taxes, CSM = Contractual Service Margin, CDP = Carbon Disclosure Project

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