Hannover Re AGM approves dividend increase and appointment of new Supervisory Board members

14 May 2024 — Andrei VICTOR
German reinsurer Hannover Re informed that the Annual General Meeting approved the proposal of the Executive Board and Supervisory Board to pay a total dividend of EUR 7.20 (previous year: EUR 6.00) per share for the 2023 financial year, an increase of 20% compared to the previous year.

"The payout consists of an ordinary dividend of EUR 6.00 (previous year: EUR 5.00) per share and a special dividend of EUR 1.20 (previous year: EUR 1.00) per share".

At the same time, the Annual General Meeting elected as scheduled the shareholder representatives on the Supervisory Board of Hannover Re. Harald Kayser and Dr. Alena Kouba were elected as new members of the Supervisory Board; they succeed Dr. Andrea Pollak and Dr. Erhard Schipporeit.

The employee representatives had already been elected on 4 April 2024 by the joint Employee Council of Hannover Rück SE and E+S Rückversicherung AG, with Sibylle Kempff and Timo Kaufmann succeeding Natalie Bani Ardalan and Frauke Heitmüller. The other existing members of the Supervisory Board were reappointed for a further term of office.

The next Annual General Meeting is to be held on 7 May 2025 in Hannover.