DGAP-Ad-hoc: Hannover Rück SE / Key word(s): Preliminary Results Hannover Rück SE: Hannover Re surpasses own profit expectation for 2016 financial year 07-Feb-2017 / 07:14 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Publication of an ad hoc disclosure pursuant to Art. 17 MAR Hannover Re surpasses own profit expectation for 2016 financial year Hannover, 7 February 2017: Based on provisional figures, Hannover Re will generate Group net income of around EUR 1.17 billion (previous year: EUR 1.15 billion) for the 2016 financial year. The company will thus clearly surpass its profit target of at least EUR 950 million. The principal driver is a further improvement in the underwriting result in property and casualty reinsurance. In addition, the tax rate for 2016 decreased to a normalised level because higher tax expenditure provisionally recognised in the previous year did not recur. The operating profit (EBIT) for 2016 amounts to roughly EUR 1.69 billion (EUR 1.76 billion). Gross premium contracted as expected to EUR 16.4 billion (EUR 17.1 billion). The present annual results are still subject to certification by the auditors and approval by the Supervisory Board. Hannover Re will publish detailed information on the 2016 annual financial year on 9 March 2017. --------------------------------------------------------------------------- 07-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Hannover Rück SE Karl-Wiechert-Allee 50 30625 Hannover Germany Phone: +49-(0)511-5604-1500 Fax: +49-(0)511-5604-1648 E-mail: [email protected] Internet: www.hannover-re.com ISIN: DE0008402215 WKN: 840 221 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Luxemburg End of Announcement DGAP News Service --------------------------------------------------------------------------- 542247 07-Feb-2017 CET/CEST