Staying Focused. Thinking Ahead.
Group Strategy 2024 - 2026
Greetings from the Chairman of the Executive Board
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.
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%
Earnings growth
EBIT > 5%
Economic value creation
CSM > 2%
Attractive dividends
> Increasing ordinary dividend
Capital strength
Solvency II ratio > 200%
Environmental stewardship
CDP ≥ Management level
RoE = Return on Equity, EBIT = Earnings Before Interest and Taxes, CSM = Contractual Service Margin, CDP = Carbon Disclosure Project
- Act as a pure-play reinsurer
- Be the preferred business partner
- Build on our lean and capital-efficient operating model
- Enable our clients to grow and succeed
- Enhance cycle management and portfolio steering
- Innovate and strengthen leadership in tailored solutions, longevity and ILS
- Expand data and analytics capabilities
- Drive operational efficiency and automation
- Invest in leadership and people development
Our Ambition
Key metrics
Industry-leading performance
- Profitability
- Earnings growth
Profitability
RoE > 14%
Earnings growth
EBIT > 5%
Delivery on
- Economic value creation
- Attractive dividends
- Cost leadership
Economic value creation
CSM > 2%
Attractive dividends
> Increasing ordinary dividend
- Capital strength
- Credit ratings
- Employee engagement
- Environmental stewardship
Capital strength
Solvency II ratio > 200%
Environmental stewardship
CDP ≥ Management level
RoE = Return on Equity, EBIT = Earnings Before Interest and Taxes, CSM = Contractual Service Margin, CDP = Carbon Disclosure Project
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