The Annual General Meeting of Hannover Rück SE approved the proposal put forward by the Executive Board and Supervisory Board to pay a total dividend for the 2024 financial year of EUR 9.00 (previous year: EUR 7.20) per share, an increase of 25% compared to the previous year.

According to the company, the payout consists of an ordinary dividend of EUR 7.00 (previous year: EUR 6.00) per share and a special dividend of EUR 2.00 (previous year: EUR 1.20) per share. Hannover Re is thus distributing altogether EUR 1.1 billion to its shareholders.

Clemens Jungsthöfel, Chief Executive Officer, emphasized that Hannover Re is on the right track with its 2024-2026 strategy. The focus continues to be on generating profitable growth, reinforcing the company's capital strength and teaming up with clients and partners to drive innovation.

"In these challenging times, climate change and geopolitical uncertainties make our work as a reinsurer more vital than ever. Extreme weather events such as storms, heavy rainfall and wildfires are growing in intensity around the world, causing enormous losses. Carefully assessing these risks and protecting our clients forms the very foundation of our business model. In order to continue our success going forward, we are committed to innovative products and technologies as well as the optimisation and automation of our processes. This is key to strengthening our company's resilience and taking responsibility for the future in our mission as a reinsurer", said Clemens Jungsthöfel.