Here are the findings after DZ BANK analyst Thorsten Wenzel took a closer look at the Hannover Re paper.

DZ Bank has left the rating for Hannover Re at “Buy” with a fair value of 314 euros. By realizing sales losses in the bond portfolio, among other things, the reinsurer created the conditions for being able to further increase profits even in a somewhat less favorable environment, wrote Thorsten Wenzel in a study available on Thursday. He sees the price decline in the past few months as a good opportunity to get started.

Between price and quarter: This is what the Hannover Re share looks like on the day of the detailed examination

The Hannover Re share was up 0.9 percent at EUR 254.60 in the XETRA meeting at 5:36 p.m. 82,580 Hannover Re shares have been traded in trading so far. For the year 2025, the share rose by 8.9 percent.

FRANKFURT (dpa-AFX Analyzer) / editorial team finanzen.net

Publication of the original study: November 20th, 2025 / 1:45 p.m. / CEST First time distribution of the original study: November 20th, 2025 / 4:54 p.m. / CEST

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 Para. 1 WpHG, Art. 20 Regulation (EU) 596/2014 for the analyst firm mentioned can be found at http://web.dpa-afx.de/offenlegenspflicht/offenlegens_pflicht.html.

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