MUNICH (Reuters) -Hannover Re, the world’s third-largest reinsurer, said it would target bigger dividends in future, aiming to pay out 55% of net profit compared to the 46% it has paid over the past year.
“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,” the company said in a statement on Sunday.
Payments until now included a so-called special dividend, which would in future be integrated into the main dividend, it added. The new policy will take effect from the 2025 financial year, it said.
(Writing by Thomas Escritt; editing by Diane Craft)
