Stronger than expected combined ratio aids Hannover Re

Analysts have hailed a strong set of Q1 results for Hannover Re,
after the reinsurance giant beat profit and combined ratio
expectations.
Operating profit fell by 5.2 percent to EUR406.7mn ($463mn),
while group net income fell by 2.8 percent to EUR271.2mn for the
first quarter of this year. However, the net result beat analyst
expectations by 10 percent.
Not including the special effect of around EUR39mn recognised in
Q1 2015 in the life and health reinsurance division, group net
income...