Hannover Re Data Update Following 1Q26 Results

Goldman Sachs maintains its Buy rating and €301 price target for Hannover Re following 1Q'26 results, despite a slight 0.3% reduction in multi-year EPS estimates.

Key Takeaways

• 1.Goldman Sachs maintains a Buy rating (on Conviction List) for Hannover Re with a €301 price target.
• 2.EPS estimates for 2026-2030 were reduced by an average of 0.3% due to lower P&C reinsurance revenue.
• 3.The investment thesis remains unchanged despite minor adjustments to the financial model following 1Q'26 results.

Table of Contents

• Price Target Risks and Methodology
• Disclosure Appendix
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Company-specific regulatory disclosures
• Distribution of ratings/investment banking relationships
• Price target and rating history chart(s)
• Target price history table(s)
• Regulatory disclosures
• Additional disclosures required under the laws and regulations of jurisdictions other than the United States
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial