Investing.com - Hannover Rueckversicherung SE reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hannover Rueckversicherung SE announced earnings per share of €3.11 on revenue of €6.14B. Analysts polled by Investing.com anticipated EPS of €3.07 on revenue of €5.65B.
Hannover Rueckversicherung SE shares are down 11% from the beginning of the year, still down 18.84% from its 52 week high of €181.70 set on February 2. They are outperforming the STOXX 600 which is down 11.97% from the start of the year.
Hannover Rueckversicherung SE shares lost 2.79% in intra-day trade following the report.
Hannover Rueckversicherung SE follows other major Financial sector earnings this month
Hannover Rueckversicherung SE's report follows an earnings missed by Allianz on February 18, who reported EPS of €-0.74 on revenue of €38.4B, compared to forecasts EPS of €5.59 on revenue of €37.99B.
Muench. Rueckvers. had missed expectations on February 23 with fourth quarter EPS of €6.21 on revenue of €14.86B, compared to forecast for EPS of €6.22 on revenue of €14.83B.
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