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Hannover Rück SE AGM approves dividend increase, appoints new Supervisory Board

Hannover Rück SE AGM approves dividend increase, appoints new Supervisory Board
08-05-24 / Chris Smit

Hannover Rück SE AGM approves dividend increase, appoints new Supervisory Board

Hannover - The Annual General Meeting of Hannover Rück SE has announced that it has approved all the proposed resolutions.

In his address, Chief Executive Officer Jean-Jacques Henchoz looked back on the successful financial years of the past strategy cycle, highlighting how reliably Hannover Re delivered on its promises in the years from 2021 to 2023 in the face of numerous challenges. These are successes that Hannover Re will build on.

Guided by the three beacons of "Focus, Grow, Accelerate", Hannover Re said it will concentrate on its existing strengths and intact growth drivers, adding that promising partnerships and in-house initiatives will contribute additional profitable growth. Looking to the current three-year strategy cycle, Henchoz held out the prospect of further earnings growth.

The Annual General Meeting approved the proposal of the Executive Board and Supervisory Board to pay a total dividend of EUR 7.20 (previous year: EUR 6.00) per share for the 2023 financial year, an increase of 20% compared to the previous year. The payout consists of an ordinary dividend of EUR 6.00 (previous year: EUR 5.00) per share and a special dividend of EUR 1.20 (previous year: EUR 1.00) per share.

The Annual General Meeting elected as scheduled the shareholder representatives on the Supervisory Board of Hannover Re. Harald Kayser and Dr. Alena Kouba were elected as new members of the Supervisory Board; they succeed Dr. Andrea Pollak and Dr. Erhard Schipporeit. The employee representatives had already been elected on 4 April 2024 by the joint Employee Council of Hannover Rück SE and E+S Rückversicherung AG, with Sibylle Kempff and Timo Kaufmann succeeding Natalie Bani Ardalan and Frauke Heitmüller. The other existing members of the Supervisory Board were reappointed for a further term of office.

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