Hannover Re profits increase H1
The article discusses Hannover Re, the German reinsurance company, and its earnings in the first half of the fiscal year. Net profits increased by 7%, reaching €1.4 billion, while operating profits rose by 9.7% to €1.9 billion. However, reinsurance revenues declined by 3.1% to €12.9 billion. This reflects an improvement in the company's performance despite the drop in revenues, with an additional clarification that the growth was 0.7% on a constant currency basis.
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