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Hannover Re is a reinsurance company headquartered in Hannover, Germany. Its roots go back to the 1920s when, in conjunction with the Gerling Group, Haftpflichtverband founded Eisen- und Stahl-Industrie to provide reinsurance services. In the 1960s ownership of the business was turned over to Haftpflichtverband, and Aktiengesellschaft für Transport und- Rückversicherung was founded. This was the basis of Hannover Re. The business expanded into life and health reinsurance in the 1990s, and over the ensuing 30 years expanded beyond its core domestic market of Germany to write business internationally. Hannover sold its commercial specialty insurance business to Talanx in January 2019. Hannover was listed in the 1990s on the Frankfurt Stock Exchange.
1966
4.1K+
LTM Revenue $28.6B
LTM EBITDA $3.6B
$37.7B
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Hannover Re has a last 12-month revenue of $28.6B and a last 12-month EBITDA of $3.6B.
In the most recent fiscal year, Hannover Re achieved revenue of $2.9B and an EBITDA of n/a.
Hannover Re expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Hannover Re valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.2B | $2.9B | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | n/a | XXX | XXX | XXX |
| EBITDA Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Profit | $1.5B | $2.0B | XXX | XXX | XXX |
| Net Margin | 125% | 69% | XXX | XXX | XXX |
| Net Debt | $4.4B | $4.0B | XXX | XXX | XXX |
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As of April 15, 2025, Hannover Re's stock price is EUR 263 (or $282).
Hannover Re has current market cap of EUR 31.7B (or $34.0B), and EV of EUR 35.1B (or $37.7B).
See Hannover Re trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $37.7B | $34.0B | XXX | XXX | XXX | XXX | $21.36 |
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Sign UpAs of April 15, 2025, Hannover Re has market cap of $34.0B and EV of $37.7B.
Hannover Re's trades at 1.3x LTM EV/Revenue multiple, and 10.4x LTM EBITDA.
Analysts estimate Hannover Re's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Hannover Re and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $37.7B | XXX | XXX | XXX |
| EV/Revenue | 13.2x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 13.6x | XXX | XXX | XXX |
| P/E/Growth | 1.8x | XXX | XXX | XXX |
| EV/FCF | 6.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpHannover Re's NTM/LTM revenue growth is 5%
Hannover Re's revenue per employee for the last fiscal year averaged $0.7M, while opex per employee averaged n/a for the same period.
Over next 12 months, Hannover Re's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Hannover Re's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Hannover Re and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 135% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.7M | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | n/a | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Arab Insurance Group | XXX | XXX | XXX | XXX | XXX | XXX |
| General Insurance | XXX | XXX | XXX | XXX | XXX | XXX |
| IRB(Re) | XXX | XXX | XXX | XXX | XXX | XXX |
| Qatar Insurance Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Munich Re | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Hannover Re acquired XXX companies to date.
Last acquisition by Hannover Re was XXXXXXXX, XXXXX XXXXX XXXXXX . Hannover Re acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Hannover Re founded? | Hannover Re was founded in 1966. |
| Where is Hannover Re headquartered? | Hannover Re is headquartered in Germany. |
| How many employees does Hannover Re have? | As of today, Hannover Re has 4.1K+ employees. |
| Is Hannover Re publicy listed? | Yes, Hannover Re is a public company listed on ETR. |
| What is the stock symbol of Hannover Re? | Hannover Re trades under HNR1 ticker. |
| When did Hannover Re go public? | Hannover Re went public in 1994. |
| Who are competitors of Hannover Re? | Similar companies to Hannover Re include e.g. Arab Insurance Group, General Insurance, IRB(Re), Qatar Insurance Group. |
| What is the current market cap of Hannover Re? | Hannover Re's current market cap is $34.0B |
| What is the current revenue of Hannover Re? | Hannover Re's last 12-month revenue is $28.6B. |
| What is the current EBITDA of Hannover Re? | Hannover Re's last 12-month EBITDA is $3.6B. |
| What is the current EV/Revenue multiple of Hannover Re? | Current revenue multiple of Hannover Re is 1.3x. |
| What is the current EV/EBITDA multiple of Hannover Re? | Current EBITDA multiple of Hannover Re is 10.4x. |
| What is the current revenue growth of Hannover Re? | Hannover Re revenue growth between 2023 and 2024 was 135%. |
| Is Hannover Re profitable? | Yes, Hannover Re is EBITDA-positive (as of the last 12 months). |
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