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- Hannover Re
Hannover Re Valuation Multiples
Discover revenue and EBITDA valuation multiples for Hannover Re and similar public comparables like Fairfax Financial, Talanx, Arch Capital Group, Great-West Lifeco and more.
Hannover Re Overview
About Hannover Re
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.
Founded
1966
HQ

Employees
4.1K
Website
Sectors
Financials (LTM)
EV
$43B
Hannover Re Financials
Hannover Re reported last 12-month revenue of $31B and EBITDA of $4B.
In the same LTM period, Hannover Re generated $4B in EBITDA and $3B in net income.
Revenue (LTM)
Hannover Re P&L
In the most recent fiscal year, Hannover Re reported revenue of $31B and EBITDA of $4B.
Hannover Re expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $31B | XXX | $31B | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hannover Re Stock Performance
Hannover Re has current market cap of $39B, and enterprise value of $43B.
Market Cap Evolution
Hannover Re's stock price is $324.02.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $43B | $39B | 0.0% | XXX | XXX | XXX | $25.79 |
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Start Free TrialHannover Re Valuation Multiples
Hannover Re trades at 1.4x EV/Revenue multiple, and 10.3x EV/EBITDA.
EV / Revenue (LTM)
Hannover Re Financial Valuation Multiples
As of April 20, 2026, Hannover Re has market cap of $39B and EV of $43B.
Equity research analysts estimate Hannover Re's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hannover Re has a P/E ratio of 12.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $39B | XXX | $39B | XXX | XXX | XXX |
| EV (current) | $43B | XXX | $43B | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 10.3x | XXX | 10.6x | XXX | XXX | XXX |
| EV/EBIT | 10.2x | XXX | 10.6x | XXX | XXX | XXX |
| P/E | 12.6x | XXX | 12.6x | XXX | XXX | XXX |
| EV/FCF | 30.4x | XXX | 6.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Hannover Re Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Hannover Re Margins & Growth Rates
Hannover Re's revenue in the last 12 month grew by 6%.
Hannover Re's revenue per employee in the last FY averaged $7.5M.
Hannover Re's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hannover Re's rule of X is 53% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Hannover Re Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 29% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 53% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $7.5M | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Hannover Re Public Comps
See public comps and valuation multiples for other Reinsurance comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Hannover Re | XXX | XXX | XXX | XXX | XXX | XXX |
| Fairfax Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Talanx | XXX | XXX | XXX | XXX | XXX | XXX |
| Arch Capital Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Great-West Lifeco | XXX | XXX | XXX | XXX | XXX | XXX |
| Swiss Re | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Hannover Re M&A Activity
Hannover Re acquired XXX companies to date.
Last acquisition by Hannover Re was on XXXXXXXX, XXXXX. Hannover Re acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hannover Re
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHannover Re Investment Activity
Hannover Re invested in XXX companies to date.
Hannover Re made its latest investment on XXXXXXXX, XXXXX. Hannover Re invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hannover Re
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Hannover Re
| 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 over 4K employees. |
| Is Hannover Re publicly listed? | Yes, Hannover Re is a public company listed on Frankfurt Stock Exchange. |
| 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? | Hannover Re main competitors are Fairfax Financial, Talanx, Arch Capital Group, Great-West Lifeco. |
| What is the current market cap of Hannover Re? | Hannover Re's current market cap is $39B. |
| What is the current revenue of Hannover Re? | Hannover Re's last 12 months revenue is $31B. |
| What is the current revenue growth of Hannover Re? | Hannover Re revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Hannover Re? | Current revenue multiple of Hannover Re is 1.4x. |
| Is Hannover Re profitable? | Yes, Hannover Re is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hannover Re? | Hannover Re's last 12 months EBITDA is $4B. |
| What is Hannover Re's EBITDA margin? | Hannover Re's last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Hannover Re? | Current EBITDA multiple of Hannover Re is 10.3x. |
| What is the current FCF of Hannover Re? | Hannover Re's last 12 months FCF is $1B. |
| What is Hannover Re's FCF margin? | Hannover Re's last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of Hannover Re? | Current FCF multiple of Hannover Re is 30.4x. |
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