Hannover Rück SE (HVRRY) Q1 2026 Earnings Call May 11, 2026 4:30 AM EDT
Company Participants
Axel Freiboth - Managing Director of North America
Clemens Jungsthofel - CEO & Chairman of the Executive Board
Christian Hermelingmeier - CFO & Member of Executive Board
Sven Althoff - Member of the Executive Board
Claude Chevre - Member of The Executive Board
Conference Call Participants
William Hardcastle - UBS Investment Bank, Research Division
Shanti Kang - BofA Securities, Research Division
Kamran Hossain - JPMorgan Chase & Co, Research Division
Christopher Hartwell - Bernstein Autonomous LLP
Paris Hadjiantonis
Andrew Baker - Goldman Sachs Group, Inc., Research Division
Vinit Malhotra - Mediobanca - Banca di credito finanziario S.p.A., Research Division
Jochen Schmitt - Metzler Equities, Research Division
Darius Satkauskas - Keefe, Bruyette, & Woods, Inc., Research Division
Benjamin Cohen - RBC Capital Markets, Research Division
James Shuck - Citigroup Inc., Research Division
Presentation
Axel Freiboth
Managing Director of North America
Good morning, everyone. Welcome to our earnings call on our results for the first quarter of 2026. Today's speakers are Clemens Jungsthofel, our CEO; and Christian Hermelingmeier, CFO of Hannover Re. For the Q&A, they will be joined by Claude Chèvre and Sven Althoff. With that, I hand over to you, Clemens.
Clemens Jungsthofel
CEO & Chairman of the Executive Board
Thank you, Axel, and good morning from Hannover. So let's dive into it. I think it's fair to say that we had a strong start into the year 2026. We've seen a continuation of the positive trends from recent quarters. Underlying profitability was very pleasing in both business groups and the balance sheet and the resilience of Hannover Re have clearly been further strengthened.
This will support sustainable earnings growth and will help to manage volatility going forward. We are operating in an unstable geopolitical environment. The Iran war with its severe implications for people across the region as
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