Hannover Rück SE Approves Dividend Increase and Elects New Supervisory Board Members

Hannover Rück SE Approves Dividend Increase and Elects New Supervisory Board Members

(IN BRIEF) During the Annual General Meeting of Hannover Rück SE, all proposed resolutions were approved. CEO Jean-Jacques Henchoz reflected on the successful financial years of the past strategy cycle, emphasizing the company’s reliability amidst challenges. Moving forward with the strategy of “Focus, Grow, Accelerate,” Hannover Re will concentrate on existing strengths and growth drivers, aiming for further earnings growth. The meeting also approved a total dividend of EUR 7.20 per share for the 2023 financial year, a 20% increase from the previous year, and elected new members to the Supervisory Board. Harald Kayser and Dr. Alena Kouba were elected as new members, succeeding Dr. Andrea Pollak and Dr. Erhard Schipporeit, while the existing members were reappointed for another term of office.

(PRESS RELEASE) HANOVER, 7-May-2024 — /EuropaWire/ — The Annual General Meeting of Hannover Rück SE approved all proposed resolutions.

In his address Chief Executive Officer Jean-Jacques Henchoz looked back on the successful financial years of the past strategy cycle. He highlighted how reliably Hannover Re delivered on its promises in the years from 2021 to 2023 in the face of numerous challenges. These are successes that Hannover Re will build on.

Guided by the three beacons of “Focus, Grow, Accelerate”, Hannover Re will concentrate on its existing strengths and intact growth drivers. Promising partnerships and in-house initiatives will contribute additional profitable growth. Looking to the current three-year strategy cycle, Henchoz held out the prospect of further earnings growth.

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.

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.

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SOURCE: Hannover Re