Hannover Re announced on October 5, 2025, that it will adjust its dividend policy starting with the 2025 financial year. The Executive Board has decided to increase the payout ratio for the regular dividend to about 55% of IFRS Group net income. For comparison, the total dividend payout ratio for 2024 was 46%.
The company stated: "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 (total dividend payout ratio for 2024: 46%). Furthermore, the goal is to distribute a dividend per share at least on the level of the previous year and to increase it over the long term. The special dividend, a tool which has been routinely used in the past, will become part of the regular dividend. Going forward, it is envisaged that an additional special dividend will only be used in exceptional circumstances. Hannover Re's very good capitalisation will enable it to continue generating profitable growth along with the increased dividend distribution. The new dividend policy is to be applied for the first time with effect from the 2025 financial year."
This change means that special dividends—previously distributed separately—will now be included in regular dividends except under exceptional circumstances.
Hannover Re operates globally across property & casualty and life & health reinsurance sectors and employs approximately 4,000 people worldwide. Its German business is managed by subsidiary E+S Rück. Founded in 1966, Hannover Re has built a reputation as a reliable partner in risk solutions and maintains strong financial ratings from major agencies such as Standard & Poor’s and A.M. Best.