Hannover Rück SE (HNR1) - Net Assets
Based on the latest financial reports, Hannover Rück SE (HNR1) has net assets worth €12.90 Billion EUR as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€70.35 Billion) and total liabilities (€57.45 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €12.90 Billion |
| % of Total Assets | 18.34% |
| Annual Growth Rate | 6.18% |
| 5-Year Change | 7.17% |
| 10-Year Change | 44.56% |
| Growth Volatility | 15.3 |
Hannover Rück SE - Net Assets Trend (2013–2024)
This chart illustrates how Hannover Rück SE's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hannover Rück SE (2013–2024)
The table below shows the annual net assets of Hannover Rück SE from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €12.69 Billion | +15.14% |
| 2023-12-31 | €11.02 Billion | +25.97% |
| 2022-12-31 | €8.75 Billion | -31.42% |
| 2021-12-31 | €12.76 Billion | +7.74% |
| 2020-12-31 | €11.84 Billion | +4.27% |
| 2019-12-31 | €11.35 Billion | +18.99% |
| 2018-12-31 | €9.54 Billion | +2.75% |
| 2017-12-31 | €9.29 Billion | -4.66% |
| 2016-12-31 | €9.74 Billion | +10.97% |
| 2015-12-31 | €8.78 Billion | +6.36% |
| 2014-12-31 | €8.25 Billion | +25.79% |
| 2013-12-31 | €6.56 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hannover Rück SE's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 121.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €10.60 Billion | 89.83% |
| Other Components | €1.20 Billion | 10.17% |
| Total Equity | €11.79 Billion | 100.00% |
Hannover Rück SE Competitors by Market Cap
The table below lists competitors of Hannover Rück SE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Atmos Energy Corporation
NYSE:ATO
|
$31.10 Billion |
|
Avenue Supermarts Limited
NSE:DMART
|
$31.16 Billion |
|
Kering SA
PA:KER
|
$31.24 Billion |
|
Honda Motor Co. Ltd
F:HDMA
|
$31.25 Billion |
|
Cboe Global Markets Inc
BATS:CBOE
|
$30.88 Billion |
|
United Airlines Holdings Inc
NASDAQ:UAL
|
$30.76 Billion |
|
Givaudan SA
F:GIN1
|
$30.69 Billion |
|
Cabot Oil & Gas Corporation
MX:COG
|
$30.67 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hannover Rück SE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,126,800,000 to 11,794,500,000, a change of 1,667,700,000 (16.5%).
- Net income of 2,328,700,000 contributed positively to equity growth.
- Dividend payments of 913,100,000 reduced retained earnings.
- Share repurchases of 1,700,000 reduced equity.
- New share issuances of 16,300,000 increased equity.
- Other factors increased equity by 237,500,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.33 Billion | +19.74% |
| Dividends Paid | €913.10 Million | -7.74% |
| Share Repurchases | €1.70 Million | -0.01% |
| Share Issuances | €16.30 Million | +0.14% |
| Other Changes | €237.50 Million | +2.01% |
| Total Change | €- | 16.47% |
Book Value vs Market Value Analysis
This analysis compares Hannover Rück SE's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.82x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.91x to 2.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €70.72 | €276.20 | x |
| 2018-12-31 | €72.78 | €276.20 | x |
| 2019-12-31 | €87.30 | €276.20 | x |
| 2020-12-31 | €91.17 | €276.20 | x |
| 2021-12-31 | €98.55 | €276.20 | x |
| 2022-12-31 | €67.09 | €276.20 | x |
| 2023-12-31 | €83.97 | €276.20 | x |
| 2024-12-31 | €97.80 | €276.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hannover Rück SE utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.74%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 87.70%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 6.12x
- Recent ROE (19.74%) is above the historical average (13.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 15.21% | 6.51% | 0.26x | 9.16x | €306.62 Million |
| 2014 | 13.05% | 7.04% | 0.23x | 8.01x | €230.57 Million |
| 2015 | 14.26% | 7.05% | 0.26x | 7.83x | €343.89 Million |
| 2016 | 13.02% | 7.21% | 0.26x | 7.06x | €271.51 Million |
| 2017 | 11.24% | 5.40% | 0.29x | 7.18x | €105.71 Million |
| 2018 | 12.07% | 5.51% | 0.30x | 7.35x | €181.81 Million |
| 2019 | 12.20% | 5.83% | 0.31x | 6.78x | €231.37 Million |
| 2020 | 8.03% | 3.73% | 0.33x | 6.50x | €-216.43 Million |
| 2021 | 10.36% | 4.63% | 0.32x | 6.98x | €42.83 Million |
| 2022 | 17.39% | 4.45% | 0.36x | 10.75x | €597.64 Million |
| 2023 | 18.02% | 161.54% | 0.02x | 6.48x | €812.12 Million |
| 2024 | 19.74% | 87.70% | 0.04x | 6.12x | €1.15 Billion |
Industry Comparison
This section compares Hannover Rück SE's net assets metrics with peer companies in the Insurance - Reinsurance industry.
Industry Context
- Industry: Insurance - Reinsurance
- Average net assets among peers: $36,732,365,169
- Average return on equity (ROE) among peers: 7.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hannover Rück SE (HNR1) | €12.90 Billion | 15.21% | 4.45x | $30.89 Billion |
| China Reinsurance (Group) Corporation (C53) | $112.66 Billion | 9.37% | 3.51x | $1.10 Billion |
| COMSTOCK HLDG-A (CHO) | $988.20 Million | -4.25% | 0.14x | $744.97 Million |
| Pozavarovalnica Sava, d.d. (I69) | $531.46 Million | 8.79% | 3.35x | $999.60 Million |
| Münchener Rück AG (MUV2) | $32.74 Billion | 17.36% | 7.75x | $70.09 Billion |
About Hannover Rück SE
Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments. The company provides property and casualty reinsurance solutions for agricultural, livestock, and bl… Read more