(RTTNews) - Hannover Re (HVRRY.PK) said it considers itself well on track to achieve fiscal 2019 targets. Based on constant exchange rates, the company still anticipates a single-digit percentage increase in its gross premium volume and net income in the order of 1.1 billion euros. The Group noted that its result will additionally be positively influenced by a one-time effect from a participating interest of 100 million euros.
Hannover Re expects improved prices and conditions overall for the treaty renewals as at 1 January 2020. The Group is satisfied with the business renewed to date in 2019.
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