Loss at Hannover Re smaller than predictedMOVERSMARKETPLACE by Bloomberg From: International Herald Tribune | Date: March 24, 2006 | . Provided by ProQuest LLC.Copyright information

International Herald Tribune
03-24-2006
Hannover Re posted a fourth-quarter loss that was narrower than analysts estimated on Thursday, and said it expected profit and dividend payouts to resume this year. Hannover Re's fourth-quarter loss was 12.6 million, or $15.2 million, compared with net income of 88.8 million in the fourth quarter of 2004, the company said. The median estimate of nine analysts surveyed by Bloomberg was a loss of 20 million. Claims from natural disasters cut Hannover Re's pretax profit by 1.03 billion last year, with hurricanes Katrina, Rita and Wilma costing it 798 ...

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