HNR1.DE
BuyUnloved QualityAI neutralHannover Rück SE · Financial Services · Germany · $34.8B
EUR 262.00 +1.2% · close 7 Oct · scored 9 Oct
StockRank up 1.3 since 8 Oct.
Unloved Quality: Strong and cheap; the market has not turned yet.
As of 9 Oct 2026, MoatMap's StockRank for Hannover Rück SE (HNR1.DE) is 70/100: Quality 63, Value 53, Momentum 48, ranked against 24,000+ stocks in 35 markets.
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Hannover Re is one of the world's lowest-cost large reinsurers, with a long record of steady profit growth and rising dividends. Higher bond yields boost the income it earns on its investment portfolio. However, reinsurance pricing is now softening, with peer Munich Re reporting price declines of about 5.5% at recent renewals, and forward earnings estimates slipped 1.7% last month. It is a high-quality business, but the pricing cycle is turning against it.
ABOUT HANNOVER RÜCK SE
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Hannover Rück SE is one of the world's leading reinsurance companies, providing a comprehensive range of property & casualty and life & health reinsurance services globally. Its competitive advantage lies in its diversified portfolio, strong financial ratings, extensive risk management expertise, and long-standing client relationships. As a major global reinsurer, it plays a critical role in enabling the primary insurance market to manage complex and large-scale risks.
FINANCIAL SUMMARY (EUR)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | 22.2B | 22.0B | 23.9B | 24.0B | 2.6% | 22.8B | 24.1B | 24.9B | 1.9% |
| EPS (EUR) | 10.21 | 6.47 | 15.13 | 19.31 | 21.90 | 21.0% | 22.76 | 23.24 | 23.57 | 3.7% |
| Shares | — | 120.6M | 120.6M | 120.6M | 120.6M | 0.0% | 120.6M | — | — | — |
| Debt | — | 5.5B | 4.9B | 4.7B | 4.1B | -9.1% | 4.2B | — | — | — |
| Equity | — | 9.1B | 10.1B | 11.8B | 12.9B | 12.6% | — | — | — | — |
| Op CF | — | 4.9B | 5.8B | 5.7B | 5.7B | 4.8% | 6.5B | — | — | — |
| Inv CF | — | -5.1B | -4.5B | -4.4B | -4.0B | — | — | — | — | — |
| Fin CF | — | 44.3M | -1.5B | -1.1B | -1.7B | — | — | — | — | — |
Above its 200-day average and 2% below its 52-week high.
The Momentum score still reads 48: it weighs six months of price and earnings revisions, so it trails a turn like this.
Calmer than 92% of stocks we rank over the past year (19% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of HNR1.DE are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| HNR1.DE | Hannover Rück SE(you) | $34.8B | 70 | Buy |
| MUV2.DE | Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München | $72.0B | 69 | Buy |
| TLX.DE | Talanx AG | $35.2B | 71 | Buy |
| DB | Deutsche Bank Aktiengesellschaft | $67.4B | 72 | Buy |
| DWS.DE | DWS Group GmbH & Co. KGaA | $16.5B | 74 | Buy |
| CBK.DE | Commerzbank AG | $50.9B | 54 | Hold |
| DB1.DE | Deutsche Börse AG | $58.0B | 42 | Hold |
| ALVN.MX | Allianz SE | $193.5B | 77 | Buy |
| MLP.DE | MLP SE | $1.2B | 74 | Buy |
| FTK.DE | flatexDEGIRO SE | $3.7B | 41 | Hold |
Peer medians: ROE 8.9% · P/E 10.2x · Gross margin 56.4%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.