Hannover Ruck SE (HVRRY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the conference call on annual results 2025. I'm Sergan, the Chorus Call Operator. I would like to remind you that all participants will be in a listen-only mode and the conference being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. Unauthorized recordings, publications, or broadcasts are not permitted. At this time, it's my pleasure to turn it over to Karl Steindl. Please go ahead, sir. Well, good afternoon, everyone, and welcome from sunny Hanover to our analyst and investment fellow on our full year results for the year 2025. As announced, our CEO, Clemens Jungstöse, and our CFO, Christian Hermann-Lingmeier, will provide a brief overview of the business development in 25 and the outlook for the current year. For the Q&A session, they will be joined by Claude Schevren and Sven Althoff. And it's now my pleasure to hand over to you, Clemens. Thank you, Karl, and good afternoon from Hanover. So let's start with our business performance 25, which was indeed very satisfactory. The group net income of 2.64 billion Euro is a record result for Hanoveri, reflecting a sustainable increase in the earnings power of the group. The proposed dividend of 12 Euro 50 for 2025 is a significant step up of almost 40% compared to the previous year. Furthermore, the result is based on a very strong underlying profitability Our deliberate actions to strengthen the balance sheet increases our confidence in future earnings growth. We have achieved this by adding around 700 million euros to resiliency reserves and by actively realizing losses of almost 600 million euros in our fixed income portfolio. The su...