Hannover Rück SE

HVRRF

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

2,894

Cost of Revenue

138

Gross Profit

2,756

Gross Margin

95.2%

Operating Income

3,502

Operating Margin

121.0%

Net Income

2,538

Net Margin

87.7%

EPS (Basic)

$19.31

EPS (Diluted)

$19.31

EBITDA

3,668

EBITDA Margin

126.7%

2023

12/31/2023

Revenue

1,231

Cost of Revenue

Gross Profit

1,135

Gross Margin

92.1%

Operating Income

2,021

Operating Margin

164.1%

Net Income

1,989

Net Margin

161.5%

EPS (Basic)

$15.13

EPS (Diluted)

$15.13

EBITDA

2,193

EBITDA Margin

178.1%

2022

12/31/2022

Revenue

1,513

Cost of Revenue

Gross Profit

1,429

Gross Margin

94.5%

Operating Income

1,552

Operating Margin

102.6%

Net Income

851

Net Margin

56.3%

EPS (Basic)

$6.47

EPS (Diluted)

$6.47

EBITDA

1,571

EBITDA Margin

103.8%

2021

12/31/2021

Revenue

28,502

Cost of Revenue

6,276

Gross Profit

22,227

Gross Margin

78.0%

Operating Income

1,800

Operating Margin

6.3%

Net Income

1,342

Net Margin

4.7%

EPS (Basic)

$10.21

EPS (Diluted)

$10.21

EBITDA

2,022

EBITDA Margin

7.1%

2020

12/31/2020

Revenue

25,373

Cost of Revenue

5,494

Gross Profit

19,879

Gross Margin

78.3%

Operating Income

1,225

Operating Margin

4.8%

Net Income

963

Net Margin

3.8%

EPS (Basic)

$7.32

EPS (Diluted)

$7.32

EBITDA

1,517

EBITDA Margin

6.0%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	2,894	1,231	1,513	28,502	25,373
Cost of Revenue	138	97	84	6,276	5,494
Gross Profit	2,756	1,135	1,429	22,227	19,879
Gross Margin	95.2%	92.1%	94.5%	78.0%	78.3%
Operating Income	3,502	2,021	1,552	1,800	1,225
Operating Margin	121.0%	164.1%	102.6%	6.3%	4.8%
Net Income	2,538	1,989	851	1,342	963
Net Margin	87.7%	161.5%	56.3%	4.7%	3.8%
EPS (Basic)	$19.31	$15.13	$6.47	$10.21	$7.32
EPS (Diluted)	$19.31	$15.13	$6.47	$10.21	$7.32
EBITDA	3,668	2,193	1,571	2,022	1,517
EBITDA Margin	126.7%	178.1%	103.8%	7.1%	6.0%