Hannover Rück SE (HVRRY) Q4 2025 Earnings Call Transcript

SA Transcripts158.95K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Hannover Rück SE (HVRRY) Q4 2025 Earnings Call March 12, 2026 9:00 AM EDT Company Participants Karl Steinle - General Manager Investor & Rating Agency RelationsClemens Jungsthofel - CEO & Chairman of the Executive BoardChristian Hermelingmeier - CFO & Member of Executive BoardSven Althoff - Member of the Executive Board Conference Call Participants Andrew Baker - Goldman Sachs Group, Inc., Research DivisionKamran Hossain - JPMorgan Chase & Co, Research DivisionShanti Kang - BofA Securities, Research DivisionIain Pearce - BNP Paribas, Research DivisionChris HartwellHenry Heathfield - Morningstar Inc., Research DivisionBenjamin Cohen - RBC Capital Markets, Research DivisionVinit Malhotra - Mediobanca - Banca di credito finanziario S.p.A., Research DivisionJames Shuck - Citigroup Inc., Research DivisionWilliam Hardcastle - UBS Investment Bank, Research Division Presentation Operator Ladies and gentlemen, welcome to the conference call on Annual Results 2025. I'm Sergen, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] At this time, it's my pleasure to hand over to Karl Steinle. Please go ahead, sir. Karl SteinleGeneral Manager Investor & Rating Agency Relations Well, good afternoon, everyone, and welcome from sunny Hannover to our analyst and investor call on our full year results for the year 2025. As announced, our CEO, Clemens Jungsthofel; and our CFO, Christian Hermelingmeier, will provide a brief overview of the business development in '25 and the outlook for the current year. For the Q&A session, they will be joined by Claude Chevre and Sven Althoff. And it's now my pleasure to hand over to you, Clemens. Clemens JungsthofelCEO & Chairman of the Executive Board Thank you, Kark, and good afternoon from Hannover. So let's start with our business performance '25, which was indeed very satisfactory. The group net income of EUR 2.64 billion is a record result for Hannover Re, reflecting a sustainable increase in the earnings power