MUNICH (Reuters) -Hannover Re, the world's third-largest reinsurer, said it would target bigger dividends in future, aiming to pay out 55% of net profit compared to the 46% it has paid over the past
Hannover Re Sets Ambitious Dividend Target at 55% of Net Profit
Hannover Re's New Dividend Strategy
MUNICH (Reuters) -Hannover Re, the world's third-largest reinsurer, said it would target bigger dividends in future, aiming to pay out 55% of net profit compared to the 46% it has paid over the past year.
Details of the Dividend Increase
"In view of its very good capitalisation, the payout ratio for the regular dividend will be raised to around 55% of IFRS Group net income," the company said in a statement on Sunday.
Impact on Shareholders
Payments until now included a so-called special dividend, which would in future be integrated into the main dividend, it added. The new policy will take effect from the 2025 financial year, it said.
Future Financial Outlook
(Writing by Thomas Escritt; editing by Diane Craft)
