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Hannover (dpa) - The shareholders of Hannover Re should be satisfied with a lower dividend after the profit slump last year.
The world's third largest reinsurer is raising the basic dividend from 4 to 4.50 euros per share, as the company listed in the MDax announced when it presented its annual balance sheet in Hanover on Thursday.
However, there should not be a special dividend because the group would prefer to invest the capital in the expansion of its business in view of rising prices for reinsurance protection.
For 2019 Hannover Re had paid its shareholders a total dividend of EUR 5.50.
As has been known since the beginning of February, Hannover Re's profit dropped by 31 percent to 883 million euros last year due to high damage from the coronavirus pandemic.
In the current year, CEO Jean-Jacques Henchoz wants to push the surplus back up to 1.15 to 1.25 billion euros.
© dpa-infocom, dpa: 210311-99-774368 / 2
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