Kathmandu. Hannover Re Group, a reinsurance company, has reported a strong net profit in the first nine months of the current fiscal year 2025.
In a press release related to the quarterly review, the group has set a target of projected net income of $3 billion. For the 2026 financial year, group net profit is expected to reach at least $3.1 billion.
For fiscal year 2026, the group’s net income is expected to be at least $3.12 billion.
The total reinsurance income of the reinsurance group remained stable at Rs. 22.77 billion in the third quarter of the current year. An increase of 2.1 percent was recorded on the basis of constant exchange rates; Excluding the base effect of the previous year, the increase would have been about 7 percent, adjusted for future exchange rates.
Reinsurance service results (net) reached $2.77 billion.
The currency’s results improved significantly to $250.3 million due to the appreciation of the euro against the U.S. dollar. Other income and expenditure reached $510.7 million.
