Hannover Rueck SE Registered Shares

HNR1: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Hannover: Having Rolled Our Model and Fine-Tuned Our Assumptions, We Raise Our Fair Value Estimate

Henry Heathfield

Mar 18, 2026

We have rolled our model for Hannover to incorporate the latest figures for full-year 2025, and in doing so, we have revised our forecasts moderately.

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Hannover Rueck SE Registered Shares

Hannover: Having Rolled Our Model and Fine-Tuned Our Assumptions, We Raise Our Fair Value Estimate

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