A positive market environment allows the reinsurer Hannover Re to look to the current year with optimism. The company, which is listed on the Dax, announced on Tuesday evening after the stock exchange closed in Hanover that net consolidated profit should climb to at least 1.7 billion euros. The Management Board is targeting growth of at least five percent for reinsurance sales, while the return on investments from self-managed investments should be at least 2.4 percent.

For the completed 2022 financial year, the group management is targeting a net consolidated profit of 1.4 to 1.5 billion euros. The managers recently reckoned with the lower end of the range. The return on investment should be more than 2.5 percent.